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WOBURN, Mass. -Prime Alliance Solutions has become a minority shareholder in MortgageClick, the mortgage decisioning platform distributed to credit unions. MortgageClick, which is powered by Prime Alliance, was created in 2003 as an extension of Members Mortgage Company. The technology was spun off as a separate entity in January 2004. It has built over 90 sites, experienced a 350% growth in transactions, and processed $2 billion in mortgage requests since its inception. Members Mortgage Company remains the majority shareholder in MortgageClick. MortgageClick allows members to apply for a mortgage online 24-hours a day, receive a decision within minutes, and check the status of their loan once it’s in process. The platform also puts the same origination tools at the disposal of branch and call center staff, loan officers, and members, thereby creating more opportunities for the CU to capture members’ home financing needs at the point of sale. MortgageClick recently picked up five new credit union clients including: New England Teamsters FCU, Arlington, Mass., $44 million in assets, 28,000 members; Pacific Northwest CU, Portland, Ore., $125 million, 14,000 members; Freedom CU, Springfield, Mass., $285 million, 22,000 members; RTN FCU, Waltham, Mass., $372 million, 28,000 members; and First Pioneer CU, Wilbraham, Mass., $77 million, 5,500 members.

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