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.
GoBankingRates.com selected these institutions for their extra effort.
Credit unions bank on growing popularity of professional futbol.
The $3.9 billion credit union utilizes the Learning Through Storytelling program to enable employees to better understand complicated issues.
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.
Read about new branches credit unions have recently opened.
The $3.8B credit union is the first financial institution in the country to close an FHA loan digitally.
The Utah-based $3.5B Mountain America will retain the Idaho Falls, Idaho-based A+ CU's branch.