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MADISON, Wis. – CUNA Mutual Mortgage Corp. has deployed a new software platform that allows the loan servicer’s credit union clients to both process loans more quickly and report them more efficiently. The technology comes from HanoverTrade Inc. of Edison, N.J., and includes the ability to accept online loan file submissions, perform data integrity screening, value and create investor delivery pools, and automatically board the loans into CUNA Mutual Mortage’s servicing systems. “The new HanoverTrade functionality provides two significant, value-added features for our credit union partners,” said Tom Pisapia, vice president of secondary marketing, CUNA Mutual Mortgage Corporation. “First, it provides us with the conduit to board loans, either bulk or individual, which in turn boards directly to our loan-servicing platform. Second, it gives us the ability to empower our credit union partners with a valuable reporting tool that provides the status of their entire portfolio stratified in several ways, giving credit unions multiple looks at their portfolio.” CUNA Mutual Mortgage is the credit union system?s largest national lender, serving more than 1,000 correspondent/wholesale credit unions and 250 direct-to-member credit unions.

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