FAIRBORN, Ohio – Wright-Patt CU is partnering with Irongate Inc., one of the area’s largest real estate agencies, to provide home loan services.
Under the deal, Irongate clients who choose Wright-Patt for their mortgage will get local loan servicing. Wright-Patt said its loan originators can send the loan package to a local underwriter to evaluate the risk of the loan, which speeds up processing and response times.
This is the first partnership of its type for Wright-Patt, which could generate more home loan business for the credit union, said Doug Fecher, president and CEO of the credit union. The deposits are invested back in the Dayton community, he said.
Irongate previously partnered on home loan financing with Wells Fargo under the same name of Southern Ohio Mortgage. Wright-Patt loan originators will work on site at each of Irongate’s six offices throughout the Dayton area. Two loan originators have been hired so far, said Tim Mislansky, chief lending officer of Wright-Patt.