DALLAS, Texas (6/30/11)--With the mortgage industry in a constant state of change, CU Members Mortgage will provide education to its credit union partners to ensure smooth transitions during complex regulatory change so they can confidently advise their members through today’s new home loan process. Among the mortgage-related topics CU Members Mortgage has advised its credit union partners on:
* SAFE Act; * Qualified residential mortgage; * Secondary marketing; * Federal Housing Authority (FHA) origination; * Fannie Mae loan quality initiative; and * Maximizing income and minimizing risk.
More specifically, CU Members Mortgage partnered with the Texas Credit Union League to host three “Lunch and Learn” events that provided advice on today’s FHA lending environment. The company actively participated in the Credit Union National Association’s Lending School in April and will present its 15th National Mortgage Lending Conference in March 2012. CU Members Mortgage also participates in mortgage-focused webinars throughout the year, providing information to credit unions. For example, it participated in CUNA Mutual’s educational webinar in June, discussing the details of secondary marketing. The company also supports marketing materials that credit unions can provide to members about the home-loan process and resources to host home-buying seminars at the credit union. “It’s getting more complicated to run a mortgage department these days,” said David Motley, CU Members Mortgage president. “It is time consuming and expensive for departments to remain up to date with all the changes and implement compliance. We have stepped up our efforts to help our partners and their members through mortgage education programs. We believe if we proactively go out there and provide them with the latest information, they can offer their members a better service--which will greatly enhance their value. We all win in this situation.”