Web-based origination solutions provider OpenClose Mortgage Software reached out to Northeastern credit unions by partnering with Members Insurance Agency‘s settlement solutions platform. The marriage of platforms allows Members Insurance’s clients, credit unions based in the Northeast, access to an integrated loan system with services ranging from marketing to post-closing. Credit unions advantage from the partnership, which allows them a choice of services to complete the loan on a case-by-case basis, including credit reporting, appraisal services, title insurance and document preparations. “We were looking for a turn-key product to get our mortgage program off the ground,” said Alan Schumann, vice president of lending for Middletown, Conn.-based Seasons Federal Credit Union, in a media statement today. “Using OpenClose’s Web-based [loan origination software]…we were able to get up and running with minimal set-up time and on-going maintenance.” Write to Diana Golobay.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio