MemberClose, the nation’s largest provider of a bundled settlement solution for credit unions, is excited to welcome the newest platform partners: Hercules First Federal Credit Union (UT) and XCEL Federal Credit Union (NJ). These credit unions join over 200 others that are saving on the time it takes and the money it costs to process all types of home equity loans.
Bryce Jackson, Director of Sales for MemberClose, noted “Home equity loans are great business for credit unions, but challenging as well. Many lenders are paying for most, if not all, of the closing costs associated with these loans while working with razor thin margins. Part of the mission of MemberClose is to provide operational savings through efficiency.“
The MemberClose platform provides credit unions access to best-in-class companies offering appraisals, credit reporting, flood insurance, title, document preparation, and closing services. The unique aspect of this service is that the credit union can select the vendors it considers most suitable from top-ranked providers. Hercules First FCU achieved efficiency by bundling settlement services, valuations, flood certification, and loan disclosure into one easy-to-use platform. XCEL FCU found MemberClose to offer the perfect solution for their need for valuation services.
To learn more about how MemberClose can help your credit union to increase efficiency and save money during these challenging times, please call Bryce Jackson at 1-888-746-2476 x 392.