(October 24, 2013) -- Louisiana credit union Baton Rouge Telco FCU and Texas credit unions Community Resource CU and Resource One CU have signed onto the Member Home Loan Correspondent Lending service. Member Home Loan, the Houston Texas Mortgage CUSO expanded its mortgage lending services earlier this year to include a correspondent lending service.
Correspondent mortgage lending enables credit unions the ability to play a greater and more profitable role in mortgage originations. With correspondent mortgage lending, credit unions can exercise greater service control, as well as achieve a more profitable role within the mortgage origination process.
“There are many mysteries surrounding the compliance riddled-mortgage lending process and all too often, credit unions shy away from this enormous income opportunity”, explains Adrian Dominguez, CEO of Member Home Loan. “As a credit union owned service organization, our goal is to help credit unions improve their financial standing, especially during this difficult economic environment”.