The Consumer Financial Protection Bureau has selected the $3.9 billion Mountain America Credit Union in West Jordan, Utah, for its eClosing three-month pilot study beginning later in the year.
Program is part of the bureau’s “Know Before You Owe” mortgage initiative.
The $183 million Aspire Federal Credit Union in Clark, N.J., hired Joseph Riccardo as its first chief information officer. Riccardo's hiring follows the credit union's decision to convert to the Corelation KeyStone core processing platform next year, Aspire said. Riccardo has more than 30 years of financial and technology experience,...
John McCloy promoted from within in Colorado, and other industry career news.
WASHINGTON – A public forum announcing the pilot program featured a credit union executive among panelists supporting the measure.
The latest mortgage loan to use e-signatures makes the $3.8B Mountain America CU a 100% electronic shop for processing and closing.
The $17B PenFed names a new CEO and other career milestones announced this week.
The $3.8B credit union is the first financial institution in the country to close an FHA loan digitally.
The $1.5 billion ORNL Federal Credit Union in Oak Ridge, Tenn., will build a new building and renovate another.
New property will house growing mortgage CUSO. Existing HQ remodel and a new branch in the works, too.