Two more credit unions have signed up as users of the XetusOne loan origination platform from Xetus Mortgage Corp. of Palo Alto, Calif.
They are the $78 million Cleveland Selfreliance FCU of Parma, Ohio, and the $60 million Coloramo FCU of Grand Junction, Colo.
Both will be using the software in a software-as-a-service model through a Web browser and Internet connection and paying on a per-loan basis, the company said.
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Xetus has about 50 customers, about 35 of them credit unions, the company said, adding that it partners with major credit organizations, underwriting and selling entities, mortgage insurers and valuation and compliance providers.
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