EAST LANSING, Mich. – Michigan State University FCU FCU has become the first credit union in Michigan to allow members to close on their home electronically.
Members can apply for their mortgage online and share their documents with attorneys and family members through a secure website. They can then complete the process on a touch screen computer at the credit union and receive a flash drive or CD containing all relevant documents to take home and store for future use.
"Giving our members electronic access to online applications, closing documents, and the convenience of an "e-closing" all enhance our members' experience with the credit union," said Jeffery Benson, MSU FCU’s vice president of operations.
A closing will be demonstrated at the MSU FCU headquarters in East Lansing on Oct. 29.
