WOBURN, Mass. – One year after it was spun off as a separate entity from Members Mortgage Company, MortgageClickT is celebrating the success of its first anniversary. Since its inception, MortgageClick – a multi-channeled, Web-enabled mortgage origination platform powered by Prime Alliance Solutions and Fannie Mae’s desktop underwriter-has built over 90 sites, experienced a 350% growth in transactions, and processed $2 billion in mortgage requests. The company recently released version 4.3 which added a home equity cross-selling function to its platform. When a member is approved online, their information is cross referenced against the CU’s criteria for home equity products. The cross-selling feature is portfolio specific and customized to fit the CU’s needs, including payment terms, LTVs and FICO scores. Looking ahead, MortgageClick plans to implement the Loan Fulfillment Center option and Prime Alliance Real Estate Services later this year.
Robert G. Allen said, "Leading TFCU has been a rewarding experience for me..."
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