CUSO Home Lending announces employee promotion
Lori Michaud to fill the position of Residential Senior Vice President & COO
HAMPDEN, ME (August 26, 2020) — CUSO Home Lending, a licensed mortgage company owned by Maine credit unions, is pleased to announce the promotion of Lori Michaud to Residential Senior Vice President & Chief Operating Officer. In this role, Lori will be responsible for overseeing Residential Lending, Accounting, Human Resources, Compliance, IT, and Facilities Security. She also will use her expertise to collaborate on marketing, operations, servicing, and strategic initiatives.
“Lori has been a critical member of the CUSO Home Lending team for 27 years,” said Russell Cole, President and CEO of CUSO Home Lending. “Throughout her tenure, Lori has worked tirelessly to help our credit union partners provide competitively priced residential mortgage products, including our innovative CU Promise program, to Mainers in all corners of our state. Her proficiency and knowledge of the lending market has been critical to our company’s success and growth, and I am thrilled to promote her to this well-deserved position.”
In addition to her role at CUSO Home Lending, Lori is the current Board President for the Maine Association of Mortgage Professionals (MAMP) and the New England Credit Union Real Estate Network (CUREN). When she is not working, Lori enjoys spending time with her family and friends and traveling. She resides in Hermon with her husband, Ryan.
“Providing exceptional service and helping people on their path to homeownership has always been my top priority,” said Michaud. “I’m grateful to work for an organization that values this commitment and am excited to begin serving CUSO Home Lending in this new capacity.”
About CUSO Home Lending
Founded in 1993, CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. Its mission is to provide consumers—credit unions members as well as nonmembers— with complete and competitively priced residential mortgage products and services. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher-income borrowers. Visit www.cusohl.com or call (800)-360-2876 for more information.