PASADENA, Calif. — Wescom Credit Union has acquired CU West Mortgage, the preferred mortgage provider to the California CU League and will merge it into CUSO Mortgage, Inc., which it acquired last year. The deal was done through its Wescom Holdings, LLC CUSO.
The acquisition allows Wescom to expand its industry-based solution to CUs in the origination and servicing of mortgage loans. CUSO Mortgage, Inc. will now become the CCUL-endorsed mortgage services company for California and Nevada credit unions. All CU West employees will be retained and moved to Wescom's Anaheim location, including CU West Mortgage CEO Mark Hiatt.
Full details in Credit Union Times.
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