A second credit union has been formally recognized as a mortgage leader in its community.
Charter Oak booked 733 mortgage loans worth $94 million last year.
LAS VEGAS — Morning sessions for big ideas and breakout sessions to look up close marked the ACUMA conference here this week.
Many credit unions remain trapped between rising consumer and member demand for mortgages backed by the FHA and HUD regulations governing those loans.
As interest rates have dipped and more CUs have opted to sell their mortgages onto the secondary market, they have faced a dilemma: will they or won't they sell the servicing rights?
While several credit unions were recently recognized by the SBA as top lenders in their respective states, banks were the winners of the national awards, the agency announced today.
Quicken Loans, the fourth largest mortgage lender in the U.S., has rolled out a loan origination service aimed at community banks and credit unions.
Low- and moderate-income members of the $1.2 billion UW Credit Union now have an additional option for getting a mortgage, one which might enable them to obtain a loan underwritten and sold by the credit union.