White paper from CU Realty Services seeks to reassure credit unions about working with Realtors to build purchase money loan business.
For credit unions wanting to grow their purchase-mortgage portfolios, the secret is online.
Credit unions may have their best opportunity ever to boost the portion of mortgage loans that actually go to purchase homes as opposed to loans that refinance previous notes.
Partners FCU partners with CU Realty Services to help accommodate mortgage lending services to members.
Credit unions smashed through a previous record in the first-quarter 2012 when they originated 8% of all mortgages made in the U.S. Now there are signs that their success represents more of a sustainable trend than a mere statistical anomaly.
A CUSO which focuses on helping credit unions get a head start on meeting members’ mortgage needs has picked up a new credit union.
It was encouraging to read in the that U.S. credit unions set a new record for mortgage originations during the first quarter of 2012. (CUTimes.com, May 10, “Credit Unions Notch Record Share of Mortgage Market.”.