CU Members Mortgage of Dallas is now offering its more than 1,000 credit union customers the PowerSite integrated point-of-sale loan application and customized website solution from Mortgagebot of Mequon, Wis.
Customized mortgage app interface touted as providing identical look and feel as home banking page.
Greater financial education, a greater variety of loan products and different lending strategies have all been techniques credit unions have begun to use to help borrowers meet more stringent housing finance requirements, according to executives from credit unions and mortgage CUSOs.
American Credit Union Mortgage Association and several credit unions to represent in Anaheim later this week.
A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorneys general.
A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorney generals, who publically voiced their concerns about its impact on U.S. financial institutions in media interviews and a March 16 letter to addressed to Miller’s office.
The $218 million City Credit Union has painted an entire wall in its headquarters to help promote its mortgage program.
The changing requirements for mortgage issuing have led CU Members Mortgage, one of the leading mortgage issuing firms with credit union partners, to restructure its operations.
Many credit unions remain trapped between rising consumer and member demand for mortgages backed by the FHA and HUD regulations governing those loans.
CU Members Mortgage, a lending mortgage vendor serving CUs, is touting its 2010 growth as bucking a very poor economic year that also carried a greater regulatory burden than usual.