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CU Members Mortgage offers Credit Union Elite Partners Program
DALLAS, TX (October 4, 2013) — Credit union mortgage services provider CU Members Mortgage is offering a Credit Union Elite Partners Reward Program to its credit union partners. The mortgage servicing company’s eligible correspondent credit union partners receive a special discount in fees and 25-basis point price improvement. Once credit unions meet their quarterly goal, the following quarter they reap the benefits.
Benefits:
- 25-basis point improvement – pricing reflected on rate sheet adjustment
- $200 discount on administration fees
Eligibility requirements:
- Minimum 65% pull through rate
- Maximum 120% underwriting resubmission rate
- $1,000, 000 in loans funded per month or $3,000,000 funded quarterly
“Our Elite Partners program is geared toward rewarding our top-performing partners,” states Randy Shannon, Vice-President of Correspondent Lending with CU Members Mortgage. “We realize how important mortgage lending is for credit unions in the bigger economic picture and for the well being of the industry, so we developed this beneficial rewards program to help spur their lending activity for enhanced results. In the end, they win with more business and their members win with purchasing new homes.”
About CU Members Mortgage
Founded in 1982 as a division of Colonial Savings, Dallas-based CU Members Mortgage provides comprehensive mortgage services to more than 1,000 credit unions, CUSOs, and leagues nationwide. CU Members Mortgage originates more than $2 billion in FHA, VA, and conventional loans each year. With a portfolio of $20 billion, it is one of the largest servicers of mortgage loans in the United States. Advanced technology, including a dedicated website with an online mortgage application that delivers confirmation in minutes, makes CU Members Mortgage one of the industry’s leading resources for mortgage services. The company is privately held and has branches located nationwide. For more information, visit: www.cumembers.com.