CHICAGO – Alliant CU announced this morning it signed with LenderLive Network Inc. to provide it with retail mortgage loan fulfillment, including processing, underwriting and closing.
The one-time credit union for United Airlines employees will also deploy LenderLive's eOriginator platform as part of its retail origination and correspondent loan delivery system, enabling the credit union's loan officers to take loan applications and its correspondent lenders to upload loans directly to Alliant for LenderLive to perform an underwriting review.
By outsourcing mortgage services to the Denver-based mortgage services company, Alliant is able to focus on growing its mortgage business without having to assign internal resources to process fulfillment and provide regulatory updates.
"Partnering with LenderLive was an easy decision to make," said John Sweitzer, mortgage production manager for the $8 billion credit union. "The company has the sophisticated technology we needed, as well as established key relationships with many of our business partners which is paramount to our success.”