Press

TruHome Solutions Adds Four New Partners

Contact:  Keith C. Varney
TruHome Solutions, LLC
Phone:    913.981.1750
E-mail:    kvarney@truhomesolutions.com

Mortgage solutions provider TruHome Solutions, LLC announced its four newest partner credit unions located in Colorado, Oklahoma, and Missouri. TruHome Solutions recently welcomed Coors® Credit Union, Red Crown Federal Credit Union, United Credit Union, and Neighbors Credit Union as partners, and will provide customized mortgage lending programs with a higher level of service for their membership.

“Based on past experience with other mortgage providers, Coors® Credit Union initiated a search for a better mortgage solution with the expertise and service we needed. The search was fruitful, resulting in our partnering with TruHome Solutions,” said Brian Resch, President/CEO at Coors Credit Union. “We immediately saw value in the state and NCUA compliance measures TruHome provides, which for Coors translated to improved structure and consistency. Everyone involved in the search was attracted to the opportunities TruHome presents to deepen relationships with members, including the cost savings we’ve attained by retaining the servicing rights of the loans we own, and the opportunity to increase profits for the credit union right from the start.”

All four credit unions will use mortgage processing, underwriting, closing, and servicing, or a combination of these services.  TruHome Solutions’ complete mortgage solution for credit unions includes personalized training, credit union private-label loan origination and servicing websites, automated phone systems and servicing set up.

“Our credit union partners, new and old, really get it,” said Keith Varney, chief operations officer for TruHome Solutions. “They understand members deserve the very best, and must receive mortgage lending products and services that will only enhance the credit union’s reputation for excellence. By offering better mortgage solutions, they deepen their relationships with a member, which quickly builds retention rates and enhances product participation.”

The partner credit unions also have the ability to offer FHA and VA loans through TruHome Solutions. The benefit of offering government lending products, along with the usual conventional offers, is that it allows the credit unions to service more members that qualify for these types of loans. In addition, Coors Credit Union will offer Jumbo Non-Conforming products, while Red Crown will provide products within the mix of USDA lending.

Coors Credit Union ($121 million assets), headquartered in Golden, Colo., was originally chartered in 1954 to serve the financial needs of the employees of Coors Brewing Company. Located in Tulsa, Okla., Red Crown Federal Credit Union ($116 million assets) received its charter under the Federal Credit Union Act in 1938. United Credit Union ($110 million assets) serves 16 counties surrounding the town of Mexico, Mo., and was originated in the early 1900’s by A.P. Green, grandfather of U.S. Sen. Kit Bond. Chartered in 1928 to service the needs of postal workers, Neighbors Credit Union ($232 million assets), headquartered in St. Louis, Mo., opened its membership to a long list of Select Employee Groups (SEGs).

“TruHome’s expertise and proven track record for improving credit union mortgage origination volumes is only part of the story,” Varney added. “As an aggregator of originations, we offer competitive pricing for the sale of the credit union’s mortgages on the secondary market, while TruHome takes all of the risk. Each credit union customizes its own pricing model allowing the credit union to control the rate they offer to their members. Combined with TruHome’s minimal closing costs, their members typically save hundreds, perhaps thousands of dollars on their loan. Member and credit union success becomes the by-product for everyone involved.”

 

#   #   #

About TruHome Solutions, LLC®
Based in Lenexa, Kan., TruHome Solutions, LLC is a multi-owned Credit Union Service Organization (CUSO), and a leader in mortgage origination, underwriting and servicing in all 50 states. As a credit union-owned CUSO, TruHome develops custom, credit union-branded applications, web lending applications and total loan services for individual credit unions nationwide. TruHome provides training and risk management programs to assist credit unions in achieving their mortgage lending goals. For more information about TruHome and the benefits of partnering for success with a CUSO, visit www.truhomesolutions.com or call toll free (866) 981-1700.                                                    


More News