Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CU Realty CUs save members 1.8M
SCOTTSDALE, Ariz. (2/14/12)--In 2011, CU Realty Services awarded a total of $1.8 million in cost savings to credit union members who bought or sold their homes using the company's network of real estate agents.

On average, members saved $1,499, about 20% in real estate commissions. The top participant was Bank Fund Staff FCU in Washington, D.C., which saved its home-buying or selling members $382,000. Following closely was Northwest FCU in Herndon, Va., which disbursed a total of $337,460 in savings to its members.

Scottsdale, Ariz.-based CU Realty helps members find a house, research a neighborhood and connect with an agent, while acting as an active lead channel when the member is ready for financing.

The company helps credit become the first point of contact for members looking for a home, important because more than 80% of homebuyers stick with the first realtor they meet, said Mike Corn, CEO of CU Realty Services.

"Using our online program, credit union members can pre-qualify for a loan before they ever speak with an agent," Corn said. "And we also make it easy to choose from among pre-screened, trained realtors who steer members back to the credit union for financing."

CU Realty says the program helps buyers, credit unions and realtors: members save on closing costs and are provided with a network of knowledgeable realtors, who provide high-quality service; credit unions increase their mortgage portfolios; and qualified agents receive pre-approved leads from the credit union.


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
7 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
9 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
14 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
15 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
16 hours ago