Comments from credit unions express concerns about rates, compliance burden as January effective date approaches.
After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence, a mortgage technology firm with a similar approach and some credit union clients. As a subsidiary of Mortgage Cadence, the firm will no longer remain a CUSO.
Prime Alliance sale ends 11 years as CUSO, adds capital to growth and upgrades. Find out more in this preview from next week's print edition.
After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence.
Arizona Federal Credit Union said 22 online applications were submitted in the first week it was linked to the regional CU Members Mortgage service.
TruHome Solutions, a mortgage CUSO in Lenexa, Kan., has achieved another milestone, servicing more than $2 billion in credit union-originated mortgage loans.
CU Members Mortgage is one of the largest for-profit providers of mortgage services for credit unions turns 30 years old this year and said it stands ready to enter its next decade armed with the latest in mortgage origination and servicing technology.
Wisconsin CU assumes 4,200 mortgages worth $600 million as FDIC moves to shut down Minnesota-based The RiverBank.