Lending

Through provisions under the new Small Business Jobs Act of 2010, the SBA said effective Oct. 8, it has permanently increased the 7(a) loan limit from $2 million to $5 million and 504 loans to $5.5 million.

Mortgagebot LLC, a leading online mortgage shopping service, said a recent consumer survey has confirmed that its Mortgage Marvel service is a favorite among mortgage shoppers.

AMOCO Federal Credit Union is now using remote signature capture and secure document delivery tools from Integrated Media Management, the Linden, N.J., firm announced Monday at the BAI Retail Delivery show in Las Vegas.

CUNA Mutual Group acknowledged that a rough lending atmosphere was part of the reason that only three credit unions received Excellence in Lending awards this year.

In a new partnership, Northeast CUSO will provide SBA processing and servicing support to Texas Advantage Commercial Lenders, the business lending CUSO of Texas Trust Credit Union.

Members of credit unions that participate in the National Credit Union Foundation's Real Solutions program save $200 million per year nationwide, according to the Wisconsin Credit Union League.