LEAGUES PARTNER WITH CMF
updated 05/10/13 10:55 AM
Mortgage Services to Help CUs
The California and Nevada Credit Union Leagues have partnered with Community Mortgage Funding, LLC to assist member credit unions in California with their mortgage lending needs.
The Pomona, CA-based CUSO will provide League member credit unions with services such as loan originations, underwriting, processing, and servicing. CMF also will offer ongoing education and consulting services, such as home-buyer seminars and custom marketing. In addition, for League member credit unions, CMF will provide a $400 credit toward the cost of the appraisal for each loan that closes within the first 90 days of becoming a new CMF client.
“Our partnership with Community Mortgage Funding will help our member credit unions by creating an outlet for them to sell mortgage loans to their members and reducing their concentration risk, thus allowing them to be competitive in the market,” said Tony Kitt, Leagues vice president of strategy and innovation.
“Each credit union has unique membership needs and organization goals, so Community Mortgage Funding offers three business models to accommodate the level of participation that best suits the specific needs of the credit union,” said CMF CEO Andrea Blais.
Those three business models are:
For more information, contact Joyce King, credit union solutions manager for the Leagues, at 909-212-6017 or firstname.lastname@example.org!
About Community Mortgage Funding, LLC: Community Mortgage Funding, LLC is a CUSO with two shareholders—SCE FCU in Irwindale, CA and Farmers Insurance Group FCU in Los Angeles. It has been providing credit unions with services such as loan originations, underwriting, processing, and servicing since 1999. As a premiere mortgage partner serving the credit union community, CMF offers fair and competitive home ownership solutions, while providing ongoing education and consulting services to include home-buyer seminars for a credit union’s membership, custom marketing, and monthly staff webinars to address specific topics or changes in the marketplace. For more information, go to www.CMFloan.com.
MCWATTERS DISSENTS ON BUDGET VOTE updated
11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.
ANNUAL FED WEBINAR ON REGS, GUIDANCE updated
11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.
NEW EMPLOYMENT LAWS FOR 2015 updated
11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.
DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated
11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.