TEWKSBURY, Mass. (3/13/15)--Tewksbury (Mass.) FCU and CU Close LLC launched Alliance LLC, a credit union service organization (CUSO) that helps credit unions manage mortgage settlement service providers.
"The goal of Alliance is simple," said Mike Steuer Sr., founder of CU Close and president of Alliance LLC. "Our platform is designed to give lending institutions the ability to close more loans per month and spend less per loan."
Alliance's online dashboard displays dozens of nationally recognized vendors and service providers for appraisals, flood certifications, titles, closings, recordings and document preparation.
Lenders who use Alliance receive one monthly invoice for all settlement vendors, and the collective buying power reduces the cost of mortgage settlement services.