SEATTLE and SCOTTSDALE, Ariz. (8/7/13)--CU Home Mortgage Solutions (CUHMS) and CU Realty Services have formed a partnership through which CUHMS will offer CU Realty Service's program to its client credit unions.
CU Realty's Web-based program offers credit union members tools for buying or sell a home. CUHMS, based in Seattle, offers real estate lending and loan servicing.
"CU Realty is a good fit for our client credit unions, helping their members find a quality realtor, and research homes and neighborhoods online," said Diane Anderson, CUHMS vice president of business development. "By working with CU Realty's network of agents, CUHMS can create "stickiness" that will help us close more of our purchase mortgage applications."
CUHMS is owned by two Washington credit unions--Verity CU in Seattle and Harborstone CU in Tacoma. CUHMA currently works with 11 Washington credit unions. Future plans are to expand into Oregon and Idaho, and partnering with CU Realty Services will further that goal, CUHMS said. Verity CU and Harborstone CU will offer their members access to CU Realty's tools from their websites.
The agreement marks CU Realty Service's first entry into the state of Washington. Once the program is live in late August, credit unions working with CUHMS will be able to increase their purchase mortgage business by offering CU Realty Service's turn-key real estate program.
CUHMS' loan officers will promote CU Realty's program to participating credit unions' members who contact them about mortgage loans. Also, the CUSO plans to publicize the program in meet-and-greet sessions with realtors and on their websites. Verity CU plans to begin offering the program this month, and Harborstone CU will follow about a month later.