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TruHome Solutions cuts mortgage origination fees
LENEXA, Kan. (9/23/09)--TruHome Solutions announced a 20 basis-point or 20% savings off its mortgage origination fee dollar amount, effective for all loans funded in September and October for client credit unions. A $150,000 mortgage origination will save a credit union $300. For one client credit union with multiple loans, the savings could equal as much as $80,000 for a two-month period, the company said. TruHome decided to offer the price reduction after experiencing an increase in 2009 volume. “Purchasing volume has been steadily improving as the economy begins to rebound, and TruHome considers itself well-positioned to capture that additional business opportunity,” said Keith Varney, TruHome chief operations officer. TruHome, based in Lenexa, Kan., is a credit union service organization specializing in mortgage origination, servicing and underwriting.


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