Michael Ferraro promoted to President, Mortgage Markets CUSO, LLC
EAST HARTFORD, CN (August 23, 2018) — Mortgage Markets CUSO (MMCUSO) has named Michael Ferraro as President effective July 26, 2018. He succeeds Victor Petroni who served as President since Mortgage Markets inception in 2003. Prior to becoming President of Mortgage Markets CUSO LLC, Mr. Ferraro was a consultant with the New York Credit Union Association collaborating with credit unions to help build more robust Lending Programs. With over 25 years’ experience in the financial sector, Mr. Ferraro has held Executive level positions with American Eagle Financial Credit Union as Vice President of Consumer Lending, and CU Direct Corporation as Director of Credit Unions Sales and Consulting.
In his new role, Ferraro will lead the MMCUSO Team to set up strategic partnerships that enhance the continued growth of retail mortgages. Michael Palladino, Chairman of the Board of Managers said, “Michael has proven himself to be extremely dedicated and perceptive in reshaping our mortgage operations to balance personal service with new-edge processes needed to streamline purchase money mortgages. He will carry on the CUSOs commitment to its partners and the credit union members that we serve.”
About Finex Credit Union
Since 1938, Finex Credit Union has met the diverse financial service needs of more than 9,500 members. As a cooperative, not-for-profit financial institution, Finex’s purpose is to be “wherever its members are” with convenient products / services accessible at over 5,400 shared branch service centers and 55,000 ATMs nationwide. Finex also operates a mortgage subsidiary, Mortgage Markets CUSO LLC, which was licensed by CTDOB in 2003. NCUA federally insures Finex deposits up to $250,000, and it is chartered by the CTDOB as a multi-group credit union primarily serving Hartford and Tolland counties.
About Mortgage Markets CUSO, LLC
Mortgage Markets CUSO (credit union service organization) is a wholly owned subsidiary of Finex Credit Union operating for the benefit of credit unions and credit union members throughout Connecticut offering FHA, CHFA, VA, USDA and conventional mortgage products. By joining with other credit unions in a cooperative effort, Mortgage Markets CUSO has developed leading edge technology, mortgage expertise, local underwriting and excellent personal service.
For more Mortgage Markets CUSO information, please log visit www.mortgagemarketscuso.com