CU Companies obtains FHA/VA servicing approval
NEW BRIGHTON, MN (July 18, 2016) — CU Companies recently received approval to service government loans which includes Federal Housing Administration (FHA) and Veteran Affairs (VA). In addition, the company is now able to offer both the FHA and VA loans through its correspondent channel.
“Receiving the approval to service government loans is huge to our organization,” stated CU Companies CEO, Brad Crandall. “We pride ourselves on the personalized service we provide to borrowers and we are excited to be able to serve more.”
Adding FHA and VA servicing also removes the risk of back solicitation, furthering CU Companies’ mission of earning the loyalty of their owners and financial partners. “This addition to the correspondent channel assures our owners and partners that their borrowers’ loans will not be sold to another servicer or depository institution,” added Crandall. “We now can keep the loan in-house from beginning to end.”
CU Companies will continue to expand its offerings of services and products, including USDA Rural Housing loans in the near future.
About CU Companies
CU Companies was founded in 1987 by three Minnesota Credit Unions to offer a competitive mortgage solution for their members. Now they are owned by over 60 credit unions in Minnesota and offer a wide range of products and services to numerous credit unions across the nation. For more information, visit www.cucompanies.com.
