MemberClose helps credit unions increase efficiency and cut costs
MARLBOROUGH, MA (February 8, 2021) —
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.
About MemberClose
MemberClose is a for credit unions only business that was launched in 2004. We currently serve over 200 credit unions located in 21 states and continue to grow. MemberClose is designed to deliver credit unions the most efficient end-to-end processing solution ... from credit to closing. Simply put, MemberClose saves on the time it takes and the money it cost to process all types of home equity loans. MemberClose also offers a Loan Guarantee Program (LGP) that allows a credit union to make more loans without additional risk. With MemberClose LGP the credit union can offer 100% LTV home equity loans. https://www.memberclose.com/
