CUSO Mortgage, a mortgage CUSO serving between 30 and 40 credit unions from a headquarters in Halpern, Maine, has used a series of promises to sharply increase the numbers of first mortgages it issues.

The CUSO developed, launched and marketed the CU Promise loan, a mortgage loan that makes three guarantees: first, that the borrower will receive a decision on their loan within 24 hours after putting it an application; second that the borrower will be able to designate a closing date and the CUSO will meet that date and, third, that the servicing of the loan will be kept inside the state of Maine for the life of the loan.

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