LENEXA, Kansas — TruHome Solutions is slashing 20 basis points off its mortgage origination fees for all loans funded in September and October. The CUSO said the move was prompted by its budget goals being "significantly exceeded" thanks to efficiencies and spiking lending volume.
"Holding true to the cooperative model credit unions were founded on, TruHome will share its success with our clients through a reduction in origination fees," the CUSO's COO said.
A credit union would save about $300 on a $150,000 mortgage origination with TruHome if it takes advantage of this promotion. The savings also gives CUs the chance to step up their own marketing efforts and launch short-term promotions of their own, giving them a competitive edge in a market that is competitive once again.
