Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

Mortgage services provider announces guaranteerebate program

 Permanent link
DALLAS (3/14/12)--CU Members Mortgage is making a "CU Home Promise" to close mortgage loans within 40 days of receiving documentation or give members a $500 credit toward their closing.

The CU Home Promise service guarantee applies when CU Members Mortgage processes a mortgage loan for direct lending partners. The program also educates members about home loans throughout the mortgage process and provides value-added benefits, the company said.

A CU Members Mortgage release stated the guarantee was offered to say "thank you" to credit union partners as part of the company's celebration of 30 years in business.

CU Members Mortgage also introduced CU Home Advantage, a real estate services program that connects credit union members nationwide with a "member advocate" who helps them purchase or sell their home. Participating members are referred back to credit unions for home loan transactions.

Members who participate in the free program can receive a 20% rebate of real estate agent fees in states where rebates are permitted. They also benefit from a CU Members Mortgage partnership with Altair Global Relocation, Plano, Texas, said, said the mortgage services provider.

Minn. partnership expands mortgage options

 Permanent link
ST. PAUL, Minn. (3/14/12)--Minnesota Credit Union Network's Service Corp. has formed a partnership with AmeriCU Mortgage.

AmeriCU Mortgage is a full-service real estate financing firm that specializes in working with credit unions to help members buy, build and improve homes and investment properties. It offers services ranging from correspondent services to outsourcing, as well as conventional, Federal Housing Administration, homepath and reverse mortgages.

Through its outsourcing option, AmeriCU Mortgage staff work as part of the credit union's team, operating as employees and promoting established mortgage products. 

"AmeriCU Mortgage's expertise will be a great asset to our credit unions as they navigate the often complicated processes and procedures of real estate financing," said John Ferstl, MnCUN vice president, Network Service Corp. "Their loan experts serve as valuable resources that help credit unions maximize the mortgage service to members while minimizing expenses."

Intuit Bottomline to offer expanded solutions

 Permanent link
MOUNTAIN VIEW, Calif. (3/14/12)--Intuit Inc. and Bottomline Technologies have formed a partnership to integrate Bottomline's services-oriented architecture with Intuit's open platform architecture.

As part of the partnership, Bottomline will acquire the commercial banking business from Intuit's financial services segment when the transaction closes.

Terms of the deal, which is expected to close within the next few weeks, were not announced.

The companies said they will work together through cross promotions, referrals and joint sales efforts to deliver solutions for financial institutions of all sizes.

"Improving the solutions and services small businesses and consumers receive from their financial institutions is more than an Intuit strength, it's in our DNA," said CeCe Morken, senior vice president and general manager of Intuit financial services. "This relationship enables us to further concentrate on helping financial institutions better engage these important customer segments and grow. At the same time, our commercial banking customers will benefit from Bottomline's focus and expertise in cash management."

Bottomline will transition its commercial banking solution set to a cloud computing, said Rob Eberle, Bottomline president/CEO. "This will allow us to better serve not only the large banks we currently focus on, but also to offer an extremely attractive proposition for the many medium sized and smaller financial institutions, which make up the majority of the banking market today," he said.

Intuit Inc. is a provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals.

Bottomline Technologies provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks worldwide.