After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence, a mortgage technology firm with a similar approach and some credit union clients. As a subsidiary of Mortgage Cadence, the firm will no longer remain a CUSO.
Prime Alliance sale ends 11 years as CUSO, adds capital to growth and upgrades. Find out more in this preview from next week's print edition.
After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence.
The $75 million Texas Tech FCU said it hopes to triple its mortgage production over the next several months with the help of an automated mortgage document preparation system from MRG Document Technologies in Dallas.
CU hopes to triple loan production over next several months.
The mortgage technology firm Ellie Mae has launched a mortgage origination product designed to help mortgage-originating CUs both manage their compliance burden and produce mortgages that can more easily move to the secondary market.
GTE Federal Credit Union in Tampa, Fla. announced that it has hired Joseph Brancucci as its new president/CEO.