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eCU Mortgage Introduces Third-Party Service for Credit Unions

NationalMortgageProfessional.com
Jun 21, 2017
eCU Mortgage has introduced a third-party mortgage origination service that streamlines the mortgage process and delivers more revenue to credit unions when loans are sold on the secondary market.

eCU Mortgage has introduced a third-party mortgage origination service that streamlines the mortgage process and delivers more revenue to credit unions when loans are sold on the secondary market.
eCU Mortgage has introduced a third-party mortgage origination service that streamlines the mortgage process and delivers more revenue to credit unions when loans are sold on the secondary market
The mortgage origination solution supplements a credit union’s existing loan efforts through a RESPA-compliant structure in which the credit union initiates the loan while eCU Mortgage handles all the closing and funding. It is designed to maximize a credit union’s control over its member’s loan experience and assure compliance throughout the entire process.
 
eCU Mortgage processes and underwrites the mortgage loans, closes and funds them, and sells the closed loans on the secondary market, returning revenue back to the credit union that is well above the industry average.
 
“Member relationships are the core of any credit union’s business, and this third party origination system is designed with that in mind,” said Jackie Adams, Vice President of eCU Mortgage. “We help credit unions leverage those relationships and deliver top-flight service without the expense of building their own loan origination systems.”
 
eCU Mortgage’s third-party origination keeps credit unions involved in the process so they don’t lose touch with their members, Adams explained. eCU Mortgage further adds a high level of service that includes minimizing the time between application and loan closing while maximizing the transparency of the entire process.
 
“By giving a client credit union a seat on our system, they see what we see. They can track the progress of every loan and know exactly what is going on at any point in the origination process,” said Adams. “It allows them to control pricing and the locking of the loan, so they can work on behalf of their members every step of the way.”

 
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