LenderLive Chosen by Alliant Credit Union for Retail and Correspondent Loan Fulfillment – NMP Skip to main content

LenderLive Chosen by Alliant Credit Union for Retail and Correspondent Loan Fulfillment

NationalMortgageProfessional.com
Jun 26, 2012

Alliant Credit Union of Chicago has selected LenderLive Network Inc. for its retail loan fulfillment (processing, underwriting and closing). Alliant also has deployed LenderLive’s eOriginator platform as part of their retail origination platform and correspondent loan delivery system, enabling the credit union’s loan officers to take loan applications and its correspondent lenders to upload loans directly to Alliant for LenderLive to perform an underwriting review. As one of the top 10 largest credit unions in the country with assets in excess of $8 billion with more than 280,000 members, Alliant has a long history of providing mortgages to its members. By outsourcing mortgage services to LenderLive, Alliant is able to focus on growing their mortgage business without having to assign internal resources to process fulfillment and provide regulatory updates. “Partnering with LenderLive was an easy decision to make,” said John Sweitzer, mortgage production manager for Alliant Credit Union. “The company has the sophisticated technology we needed, as well as established key relationships with many of our business partners which is paramount to our success. When considering a company to do business with, we knew what we did not want based on previous experience. LenderLive has the key ingredients that made the company a natural fit for us.” As more consumers turn to credit unions for mortgage services, LenderLive becomes a viable choice as a partner because of its extensive industry experience. “Community-based lending is vital to the financial industry’s future, and credit unions continue to emerge as valuable mortgage market players,” said Rick Seehausen, chief executive officer of LenderLive Network Inc. “LenderLive is uniquely qualified to work with credit unions, such as Alliant, because we understand and compliment the relationships they have with their members, and we also have deep mortgage process expertise as evidenced by our tenure in the industry.”  
Published
Jun 26, 2012
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