Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
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.


RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
1 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
3 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
4 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
5 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
5 hours ago