John Murphy, Vice President of Mortgages at Consumers Credit Union receives Certified Mortgage Banker Designation

(April 21, 2015) — John Murphy, Vice President of Mortgages at Consumers Credit Union, has earned the elite designation of Certified Mortgage Banker (CMB) by the Mortgage Bankers Association.

  • Of approximately 300,000 mortgage bankers only 1,300 are CMBs
  • In the credit union industry nationwide, there are only 7 CMBs o In the state of Michigan, there are only 25 CMBs. Only two of those are with a credit union.

Murphy completed the intensive training and testing. “[CMB] symbolizes respect, credibility, ethics and achievement within real estate finance,” per the MBA. He joined Consumers in 2012. Since then he’s contributed to the financial well being of members by developing innovative mortgage programs, including Consumers’ new 3% Down Mortgage Solution.

Consumers Credit Union’s new 3% Mortgage Solution program, developed by Murphy, brings flexible underwriting, no minimum credit score, and no added loan fees for participation (like FHA/VA). It boasts a low 3% down payment (which can include gifts) and the fact that your loan will never be sold to a third party.

Headquartered in Kalamazoo, Michigan, Consumers Credit Union is a full-service financial institution, a leader in online mobile technology including Apple Pay, mortgages and business lending. Consumers has more than $600 million in assets and has averaged 18% annual growth for 27 consecutive years. Locally owned since 1951, we serve over 61,000 individuals and businesses through 16 offices located in Kalamazoo, Portage, Lawton, Grand Rapids, Coldwater, Holland, South Haven, plus 30,000 free Network ATMs nationwide. For details, visit Editors, please refer to Consumers Credit Union in short as Consumers, rather than CCU. Thank you!

More News