NEW BRIGHTON, Minn. (4/3/12)--CU Companies, a New Brighton, Minn.-based credit union service organization that offers mortgage services, has expanded its corresponding lending channel to serve credit unions in Illinois, Iowa and Missouri.
The correspondent lending channel provides a secondary market option for funding mortgages with the unique benefit of helping partner credit unions maintain their primary financial institution position.
CU Companies tested the marketplace in Minnesota and Wisconsin before expanding to the additional states.
The company also announced it has hired account executives to service its corresponding lending channels.
The account executives and their territories are:
- Bruce Goetsch for Illinois, Minnesota, and Wisconsin;
- Glenda Steller for Missouri and Illinois; and
- Ted Wende for Minnesota and Iowa.