New Mortgage Software For Credit Unions

Posted by Orb Staff on May 14, 2009 No Comments
Categories : Residential Mortgage

ose Mortgage Software, a developer of Web-based, end-to-end, loan origination software, has partnered with MemberClose, a service of Marlborough, Mass.-based Members Insurance Agency LLC, to promote its new MemberAssist credit union software in the Northeast. MemberClose provides Web-based, bundled settlement solutions for credit union mortgage and equity loans. Through its partnership with OpenClose, MemberClose will have the capability to offer a full suite of mortgage services creating one integrated system from marketing loans to post-closing support. MemberClose's settlement services will pull loan data directly from MemberAssist and enable credit unions to determine what services they need to complete the loan on a case-by-case basis, the companies say. These services include credit reporting, appraisal services, title insurance and document preparations. "We were looking for a turnkey product to get our mortgage program off the ground," says Alan Schumann, vice president of lending for Middletown, Conn.-based Seasons Federal Credit Union. "Using OpenClose's Web-based LOS through MemberClose, we were able to get up and running with minimal set-up time and on-going maintenance. We are also able to continue to refine and configure our set-up to best fit our lending needs." SOURCES: OpenClose, Memb

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