MARLBOROUGH, Mass. - MemberClose, a provider of a bundled mortgage settlement solution for credit unions, said it has added four CUs from Connecticut to its client list.
MemberClose, a for-credit-unions-only business that began in 2004, said it provides a settlement services platform for accessing nationally recognized vendors and service providers through a single website. With one username and password, credit unions can securely order from a suite of loan processing services that include: credit reports, flood determinations, AVMs, gap valuations, full appraisals, property reports, lien protection title insurance, loan documents, nationwide closing services, e-recording and more.
- The four new clients of MemberClose are:
- $184 million GE Credit Union, Milford, Conn.
- $73 million Northeast Family FCU, Manchester, Conn.
- $39 million Torrington Municipal & Teachers FCU, Torrington, Conn.
- $35 million Healthcare Financial FCU, New Haven, Conn.
Including these four new additions, nearly 200 credit unions from 19 states are using MemberClose, the company said.
"MemberClose is the largest provider of a one-stop, bundled, settlement solution to credit unions in the nation," reports Bob Delaney, chief operating officer of MemberClose. "Home equity lending is great business for credit unions, but very competitive with most lenders paying all of the closing costs. By using MemberClose, a credit union can close these loans faster and with less expense than what they had previously experienced."