Navy FCU Renews Mortgage ServicingPact
VIENNA, Va. - (05/26/05) -- Navy FCU said it has signed a newthree-year mortgage servicing contract with ATM Corp.'s VISIONGlobal Solutions. Under the deal, Navy Federal Settlement Services,a wholly owned CUSO of the credit union giant, will continue toprocess its members' mortgages through ATM's VISION SystemApplication Service Provider, a web-based settlement solutionsplatform. Navy Fed, the largest credit union mortgage lender, asused ATM's Vision 2.5 system for the past three years and willupgrade to the company's Vision 3.0 version under the new pact.Navy Federal recently passed $3 billion in first mortgagesettlements. ATM Corp. is based in the Pittsburgh suburb of MoonTownship, Pa.