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CU Sources to offer REO management services
SOUTH JORDAN, UTAH (6/6/11)--CU Sources, a division of Mountain America Financial Services (MAFS), will provide real-estate owned (REO) management services to other credit unions and financial institutions through a partnership with Green River Capital (GRC). CU Sources will offer GRC’s REO management and disposition services. Credit unions that partner with CU Sources can access GRC’s REOConnex platform, which offers real-time reporting, valuation, offer acceptance and expense tracking, and can be accessed through any Internet connection. “Financial institutions are experiencing a large volume of properties that are foreclosing, and they don’t have the time or resources to properly manage them,” said Gene Erickson, chief operating officer of MAFS. “This new partnership allows us to take the hassle out of the process and allows institutions to effectively and efficiently move their REO assets off of their books.” MAFS is a credit union service organization and a subsidiary of Mountain American CU, South Jordan, Utah.


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