Credit unions facing a lack of available and affordable mortgage loan professionals should not look for the staffing challenge to ease anytime soon, according to housing finance executives and consultants.
Real estate, underwriting and loan processors all can make the move into loan origination, PFS Funding founder Joseph Parsons says.
Credit union's real estate arm opens new office in Columbia, Md.
Texas credit union says mortgage loans tripled from 2011 to 2012.
North Carolina credit union launches service that also will work with real estate professionals and contractors to sell or remodel and rent homes.
The second-largest credit union in the nation has opened a firm to help it manage real estate on its books in the wake of the Great Recession.
For the first time ever, credit unions have originated more than 8% of U.S. mortgages originated in any given three month period, according to an analyst with Callahan and Associates.
Almost 1,200 of the 19,000 real estate professionals attending the National Association of Realtors conference visited the America's Credit Unions booth.
American Credit Union Mortgage Association and several credit unions to represent in Anaheim later this week.
If there is a credit union determined to not let a crisis go to waste, it is the $4.2 billion Bethpage Federal Credit Union.