DALLAS — The nationwide mortgage jitters marked by last week'scollapse of American Home Mortgage should demonstrate to creditunions the need to stick to basics and “partner with those youknow,” a major CU service vendor said this week.

“We're all concerned and watching these developments veryclosely,” said Linda Clampitt, senior vice president of CU MembersMortgage, which has a $12.5 billion portfolio and services 750 CUs,leagues and CUSOs nationwide.

Clampitt's comments came as the Dallas-based firm announced anew marketing agreement to handle servicing for the Association ofVermont Credit Unions. CU Members said the Vermont pact is similarto one signed last year with the Louisiana Credit Union League.

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