WICHITA, Kan. (7/18/12)--After opening for business a little more than a year ago, Central Star Financial Solutions (CSFS), a credit union service organization, announced it is now working with 12 credit unions in Kansas to provide mortgage and insurance services.
The services include mortgage origination, processing and document preparation for mortgage loans, funding for mortgages, mortgage consulting, and a full service, independent insurance agency.
"It's great to see that what we've built has made an impact so quickly," says Lee Williams, president of Central Star CU and CSFS board member.
Many credit unions cannot provide these services to their membership because of their size and the complexity of the mortgage and insurance industry, said CSFS. The mortgage products available include fixed-rate conventional mortgages, adjustable-rate mortgages, Federal Housing Administration mortgages, Veterans Administration loans, U.S. Department of Agriculture rural development loans and bridge loans for refinances and purchases, and home equity loans.
"Our focus on growth during 2012 includes offering our service to Kansas credit unions that currently provide limited or no mortgage services to their members," said Matthew Hamm, CSFS CEO. "Our service is convenient and easy to use, which is perfect for small to mid-size credit unions."