Web-Based Mortgage Solution Reaches Credit Unions
Web-based origination solutions provider OpenClose Mortgage Software reached out to Northeastern credit unions by partnering with Members Insurance Agency's settlement solutions platform. The marriage of platforms allows Members Insurance's clients, credit unions based in the Northeast, access to an integrated loan system with services ranging from marketing to post-closing. Credit unions advantage from the partnership, which allows them a choice of services to complete the loan on a case-by-case basis, including credit reporting, appraisal services, title insurance and document preparations. "We were looking for a turn-key product to get our mortgage program off the ground," said Alan Schumann, vice president of lending for Middletown, Conn.-based Seasons Federal Credit Union, in a media statement today. "Using OpenClose's Web-based [loan origination software]...we were able to get up and running with minimal set-up time and on-going maintenance." Write to Diana Golobay.