DALLAS (3/24/16)--CU Members Mortgage announced it added two new contracts designed to expand credit unions’ options for their mortgage loan program.
“Our new contract options give credit unions more flexibility to align their mortgage program with their strategic goals. More choices are always a good thing,” said Linda Clampitt, CU Members Mortgage senior vice president.
The new options, which bring CU Members Mortgage contract offerings to six, are meant to:
The credit union mortgage services provider also added a sub-servicing option, which allows credit unions to retain servicing rights on their mortgage portfolio but relieves much of the capital outlay required to manage full servicing functions.
“Our goals were simple. We want to help credit unions close more loans with less hassle. We want to deliver more benefits with the fewest difficulties. Most of all, we want to help credit union members achieve their dreams of sustainable home ownership,” added Clampitt.