FAIRBORN, OH (April 22, 2014) -- Leading mortgage CUSO myCUmortgage® announces the release of a new white paper to help credit unions understand the benefits of hiring full-time loan originators. Dedicated Originators Play Critical Role in Mortgage Lending Success was written to show credit unions how full-time, professional mortgage loan originators can help them serve more members with home loans.
"As we talk to credit unions across the country, we see many who are trying to figure out how to maintain the momentum they’ve built through the refinance boom. However, being good at refinance business does not always translate to being good at purchase business,” said Tim Mislansky, president of myCUmortgage.
The paper highlights why credit unions need loan originators, including what to look for when hiring loan originators and how to convince credit union leadership of the need to add origination staff. It concludes with three case studies focusing on myCUmortgage client credit unions that successfully moved to utilizing full-time professional originators.
“Buying a home can be a scary process for our members. It’s not something they do every day. They want to work with someone who is knowledgeable and able to walk them through the process,” added Mislansky. “With the increased complexity of mortgage lending, credit unions cannot depend on their branch staff to offer purchase money mortgages, because it takes more than part time attention. Your members don’t go to a doctor who practices medicine part-time, why would you ask them to engage with a loan officer who only practices mortgage lending part-time?”
Credit unions interested in obtaining the white paper can contact Tim Mislansky at Tmislansky@myCUmortgage.com or visit the myCUmortgage website at myCUmortgage.com.
myCUmortgage is a wholly-owned CUSO of Wright-Patt Credit Union helping nearly 190 credit unions across the country. myCUmortgage is about more than just processing, underwriting, and buying loans. It’s really about helping credit unions grow their mortgage lending. To learn more about myCUmortgage visit www.myCUmortgage.com, contact Tim Mislansky at (937) 912-7853, or email Tmislansky@myCUmortgage.com.