FOR IMMEDIATE RELEASE
Director of Marketing
New Brighton, Minn (January 27, 2016) – CU Companies finished 2015 with significant growth in their mortgage lending partnerships. In the calendar year, CU Companies added 48 new retail lending partners, nine correspondent lending partners, and three partners that signed up for both retail and correspondent lending.
Brad Crandall, CU Companies CEO, states, "The addition of new partners is a sign of successful development in the mortgage division of CU Companies. With three partnership options – retail lending, correspondent lending, and non-delegated correspondent lending – credit unions and community banks have the flexibility to partner with us in what makes most sense with their lending strategies."
"We plan for measured growth supported by the proper infrastructure as we see volume opportunity," adds Crandall. "CU Companies currently has eight account executives covering 17 states, physically, with two covering Minnesota. Our aim is to continue to be flexible as credit unions and community banks across the country need our expertise and the economies-of-scale pricing."
About CU Companies: CU Companies was founded in 1987 by three Minnesota credit unions to offer a competitive mortgage solution for their members. Now CU Companies is owned by over 60 credit unions in Minnesota and offers a wide range of products and services to numerous credit unions and community banks across the nation. For more information, click to www.cucompanies.com.