Kinecta Reports $3 Billion-Plus in Mortgage Volume

Last month, Kinecta Federal Credit Union reported a record mortgage volume of just over $3 billion, exceeding its 2011 volume with the fourth quarter still remaining. Kinecta has benefited from dramatic shifts among many of the major lenders, combined with Kinecta’s own strategy for continuing growth. “The mortgage market is showing marked improvement and with that we have been able to offer significant benefits to our members,” said Joseph Whitaker, executive vice president and chief operating officer of Kinecta. “Kinecta offers competitive low rates and a broad product menu and we will continue to do so as we move forward, continually growing as a national mortgage lender.” Kinecta Federal Credit Union is a direct lender providing a range of fixed and adjustable home loans for purchase or refinance. It offers attractive loan products through agency, portfolio, and FHA lending, in addition to correspondent lending and special loan programs offered in conjunction with leading mortgage insurance providers.