Mortgagebot On CM Mortgage

Register now

After completing a pilot test with credit unions, CUNA Mutual Mortgage Corp. said it is adding Mortgagebot to its MEMBER'S CHOICE netMortgage online lending solution.

Mortgagebot is a private-labeled mortgage origination website 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 that MEMBER'S CHOICE netMortgage "Options" will offer the features credit unions have been asking for: a completely brandable web-site, full product definition and pricing, and in-house loan processing, combined with Freddie Mac's Loan Prospector automated underwriting service for quick loan evaluations. "Another benefit of 'Options' is that a member can use it in a self-service process, or it can be used by a credit union member service representative, or in a call center, to originate loans," said Executive VP Dan Green. For info: or www.cunamutual.com.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER