RANCHO CUCAMONGA, Calif. – CO-OP Member Center, a subsidiary of CO-OP Financial Services, yesterday said it is partnering with LenderLive Network, Inc., to provide credit unions with mortgage outsourcing services.
The two parties said credit unions will have access to a conforming loan purchase program to provide their members a multi-product environment. LenderLive said it also brings title services in all 50 states for both origination and default management, and enables credit union members to benefit from high-touch subservicing capabilities catered to small- to mid-sized portfolios.
“Partnering with LenderLive brings technology, expertise and quality processes to a wider distribution of credit unions needing a comprehensive, yet cost effective, mortgage offering to grow and retain membership,” said Mark Chatfield, chief operating officer for CO-OP Member Center.
“CO-OP Member Center offers a ‘one-stop shop’ model for consumer lending support services, and we offer a suite of mortgage products that addresses the complexities in licensing, compliance and regulatory oversight,” said Rick Seehausen, CEO of LenderLive Network. “This powerful connection will create a unique, compelling services menu for CO-OP members.”