(Fairborn, OH.)  myCUmortgage, a mortgage services CUSO founded and managed by Wright-Patt Credit Union, announced today it is expanding service to credit unions. “Credit unions and their members are best served when credit unions work together,” said Tim Mislansky, President of myCUmortgage. “There is not a national credit union-owned solution.  The services we have developed combine deep, broad experience with the best in service, economics and technology. The result is an unequalled member and credit union experience, which includes tangible financial savings.”

myCUmortgage began serving Ohio credit unions in 2002, expanding regionally as demand grew.  Offering credit unions their choice of origination services, including FHA lending, secondary market sales and private-label loan servicing options supported by the very latest in proven technology and strong business partners, while charging minimal fees is central to the Organization’s business model.  Credit unions choose their level of involvement in the mortgage process. myCUmortgage supports their activities to ensure positive, affordable mortgage financing options. “Credit unions are best served by a credit union owned option, one that understands and supports the unique relationship they have with their member and that is not solely driven by a profit motive. We understand that relationship better than other mortgage providers,” added Mislansky.

myCUmortgage’s origination services are delivered using Prime Alliance Solutions’ mortgage origination technologies. Loan origination, pricing, processing, member communication, underwriting, closing and funding all take place on the first and only fully integrated paperless and electronic mortgage processing technology available today. “myCUmortgage is more efficient, its credit unions are better served and their members have more positive borrowing experiences as a result of Prime Alliance’s regularly updated, reliable systems,” said Mislansky. “PA’s systems help us take the complexity out of mortgage lending, such as managing the latest RESPA-required changes, which allows credit unions to spend more time helping their members.

“We’re pleased to be working with and providing the technology to myCUmortgage to help credit unions realize their full mortgage lending potential,” said Joe Brancucci, CEO and Chairman of Prime Alliance Solutions, Inc. “Credit unions and credit union organizations have a long, successful history of working together to ensure member services are appropriate and affordable. While important in every aspect of financial services, housing finance offers, perhaps, the best example, especially given what has transpired since the sub-prime crisis. myCUmortgage and Prime Alliance’s missions are aligned: helping more members become homeowners more affordably,” he concluded.

MR. TIM MISLANSKY
PRESIDENT, MYCUMORTGAGE
SENIOR VICE PRESIDENT, WRIGHT-PATT CREDIT UNION, INC.
937.912.7853 This e-mail address is being protected from spambots. You need JavaScript enabled to view it

MR. DAN GREEN
EXECUTIVE VICE PREISDENT - STRATEGY, PRIME ALLIANCE SOLUTIONS
206.683.1826 This e-mail address is being protected from spambots. You need JavaScript enabled to view it

PA myCUmortgage Press Release PDF

 About myCUmortgage
myCUmortgage is a division of Wright-Patt Credit Union’s wholly-owned CUSO, Wright-Patt Financial Group, Ltd., and empowers more than 100 credit unions to help their members with home ownership through quality, cost-efficient, service-driven mortgage solutions to benefit all sizes of credit union mortgage lenders. Visit http://www.myCUmortgagepartners.com for more information.

About Prime Alliance Solutions, Inc.
Prime Alliance Solutions, Inc., is the largest credit union service organization concentrating on credit union mortgage lending and the credit union movement’s recognized leader in innovative mortgage solutions. Prime Alliance’s technology is the first and only system that enables fully paperless, completely electronic mortgage lending.  More than 35% of all credit union mortgages are originated on Prime Alliance’s Retail Lending and Loan Fulfillment Centers. The Company offers a full family of real estate solutions, including online applications, loan origination software, loan servicing, closing and settlement services, real estate services, Strategic Mortgage Solutions consulting and SMS University™ education. Visit the website at http://www.primealliancesolutions.com.