Ellie Mae Reports Record Apps
PLEASANTON, Calif.-Ellie Mae, a provider of loan processing software for mortgages, reported that during the first full week of 2009 the company saw a record number of new mortgage applications originated through its Encompass Mortgage Management Solution and its ePASS Network.
One quarter of the nation's total new originations go through Encompass and ePASS each year. On Jan. 6 and Jan. 7, 30,500 new loan applications passed through the Encompass LOS each day.
American Airlines FCU, LSI Partner
ELGIN, Ill.-American Airlines FCU in Fort Worth, Texas, has partnered with Lending Solutions Inc., here, to contact new members of the credit union. American Airlines FCU has been using Lending Solutions Inc.'s outbound services since August 2008. The CU was looking for a way to effectively contact new members each month to welcome them, identify cross-sell opportunities, and set the stage for future financial needs without increasing headcount or extending hours.
For info: www.lendingsolutions.com
Warehouse Lending Service Open
DENVER, Colo.-Titan Lenders Corp. has launched a warehouse lending operations service platform to facilitate entry into warehouse lending-a form of commercial lending specific to mortgage banking businesses.
Titan said adding warehouse lines gives credit unions an additional profit center while strengthening the economy through increased address to real estate finance alternatives.
For info: www.titanlenderscorp.com
Solutions In Finance Signs 2 CUs
LOS GATOS, Calif.-Solutions in Finance, a collections and lending operations consulting firm for credit unions, has signed Bay Federal Credit Union and Southland Credit Union to consult on their collection operations.
Solutions in Finance Inc. provides services for financial institutions in business lending, consumer lending, indirect lending, mortgage lending, and collection operations. The firm assists clients to create, improve and maintain sound lending practices with overall superior credit quality. Collections operations best practices applications are introduced with new and improved strategies and processes, and a focus on decreasing delinquency, charge offs, and increasing charge off recoveries.
For more information, visit www.solutionsinfinance.com
Ellie Mae Reports Record Apps
ALBANY, N.Y.-CUC Mortgage Corp. has added two credit unions have been added to their client roster: TCT FCU, Ballston Spa, NY and Jersey Shore FCU, Northfield, NJ.
TCT FCU has $95 million in assets and serves almost 12,000 members. Jersey Shore FCU serves 10,000 members and has $82 million in assets.
For info: www.cucmortgage.com.
