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MADISON, Wis. – CUNA Mutual Mortgage has been awarded Freddie Mac’s Tier 1 rating, the highest ranking given for investor reporting and remitting. CUNA Mutual Mortgage already earned the company’s Tier 1 rating earlier this year for default management. That means CUNA Mutual Mortgage now has the two highest rated Servicer Performance Profiles rankings given by Freddie Mac to its mortgage lending and servicing partners. In 1996, Freddie Mac began using a Servicer Performance Profile to set servicing benchmarks to encourage its partners to improve performance, reduce servicing costs and create efficiencies to better service Freddie Mac mortgages. The Freddie Mac Servicer Advisory Board, the Mortgage Bankers Association Executive Council, and more than 100 servicers offer input on setting performance criteria and expectations. The Servicer Performance Profile has become an industry-accepted tool for evaluating Freddie Mac-approved services. CUNA Mutual Mortgage VP of Servicing Peter Sorce said the ratings “demonstrate to credit unions that CUNA Mutual Mortgage Corporation is committed to delivering the highest possible quality of servicing and loan documents in the mortgage lending industry.” CUNA Mutual Mortgage services more than $11 billion in loans. It serves more than 1,000 correspondent/wholesale credit unions and 250 direct-to-member credit unions.

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