CUNA Mutual Mortgage Corp. said it is adding Mortgagebot to its MEMBER'S CHOICE netMortgage online lending solution. Mortgagebot is a provider of Internet-based mortgage loan origination systems, which will design, build and host private-labeled mortgage origination websites for credit unions and other financial institutions. MEMBER'S CHOICE netMortgage is CUNA Mutual Mortgage's online mortgage loan origination tool that the company said provides members loan approval and a lockable rate in minutes.
The company said it includes features credit unions have asked for, including a completely brandable website, full product definition and pricing, and in-house loan processing, combined with Freddie Mac's Loan Prospector automated underwriting service for quick loan evaluations; the ability for the member to use it in a self-service process, or for the CU MSR or call center to use it to originate loans. Investing in member loans originated through the Internet is another new feature that will be made possible by the Mortgagebot relationship.
For info: www.mortgagebot.com, www.bot2b.com, www.freddiemac.com, or www.cunamutual.com.
