Houston credit union, JSC FCU has invested in Member Home Loan (MHL), a Credit Union Service Organization (CUSO) as an “A class” member owner. Additionally, Member Home Loan is providing consulting and best practices for JSC FCU to establish their in‐house mortgage lending department as a Third Party Originator. “MHL’s Third Party Origination Program enables credit unions to originate and process member mortgage loans, while shifting the cumbersome underwriting and complex mortgage regulatory compliance to the CUSO. With the ability for credit unions to play a greater role, they can exercise more service control, as well as achieve greater profitability within the mortgage origination process”, explains Adrian Dominguez, CEO of Member Home Loan.
“We are pleased that Member Home Loan is helping our credit union establish a first rate in‐house mortgage department. Their knowledge and best practices have made the transition process seamless. At JSC, we view our investment in the CUSO as strategic; furthering our long term goals,” stated Thomas Hast, Vice President of Lending and Marketing for JSC FCU.
Member Home Loan is a Credit Union owned company formed in 2005 and based in Houston, Texas. As a mortgage banker and broker and approved Fannie Mae and Freddie Mac seller/servicer, MHL helps Credit Unions offer Members a variety of mortgage loan products, competitive mortgage rates and great service.