Mortgage Servicer Created for Credit Unions

A new residential servicing business has been created for credit unions that aren’t satisfied with the servicing options that are currently available to them.

Credit unions that want to handle servicing on the mortgages they originate can choose to service the loans in house, which can be a challenging endeavor.

A second option is for these smaller financial institutions to use a sub-servicer — though there are still drawbacks associated with utilizing sub-servicing.

---

…read more

From:: Financing