1.3 million members gain ability to change their mortgage rate online, without having to undergo the refinance process.
Network would connect banks selling the loans with credit unions looking to buy them.
Product expected to retain more mortgages and free up lending staff to originate new loans.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.
Florida credit union works with financial services tech firm to offer web-based refinance app for cars and mortgages.