The story of how mergers increased a credit union's member value proposition.
Robin Romano, CEO of the $33M MariSol FCU in Phoenix shares how she's turned economy of scale into member value.
LAS VEGAS — Credit union executives attending the American Credit Union Mortgage Association’s 2013 conference received both good news and bad news.
LAS VEGAS — Credit unions need to focus on some of their housing finance particulars as they think strategically about their housing finance business.
Credit unions and other housing finance lenders face an economic pinch as rising interest rates squash demand for refinanced mortgage loans while demand for purchase money loans still struggles to grow.
New partnership is called CO-OP Mortgage Solutions and includes ala carte origination, underwriting, call center services.
The biggest obstacles to credit unions launching or growing a housing finance program are lack of staff, concerns about compliance and a lack of leadership from the highest executive levels, according to credit union executives and housing finance consultants.
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
Real estate, underwriting and loan processors all can make the move into loan origination, PFS Funding founder Joseph Parsons says.
Training from within one way to address lack of availability of new employees with mortgage lending skills.