Mortgage Markets MCUSO is a wholly owned subsidiary of Finex Credit Union and operates for the benefit of credit unions and credit union members throughout Connecticut.
In 2003 Finex Credit Union created Mortgage Markets CUSO to be a first mortgages source for not only their members, but for other credit union members as well. Too many credit unions were sending their members to banks – jeopardizing their relationships. Finex Credit Union’s Mortgage Markets CUSO is local, credit union-oriented and delivers the same high-quality service that credit unions are known for.
For 13 years, Mortgage Markets CUSO has provided mortgage-lending services to over 30 Connecticut credit unions at one time or another - closing mortgage loans for over 3,000 members totaling more than $550 million.
Mortgage Markets CUSO currently provides 20 credit unions with mortgage lending services. Those origination services include wholesale and retail originations. Products and services include:
- Traditional Fannie Mae & Freddie Mac 10-30 year loans
- Home Ready and Home Possible home buyer products
- Federal (FHA) and Connecticut (CHFA) Housing Finance products
- Rural Development loans
- VA loans
Mortgage Markets CUSO retains servicing on all Fannie Mae & Freddie Mac loans – currently servicing 1800 mortgages totaling $275 million.
Service continues to be a cornerstone of our business. In fact, members’ satisfaction ratings are a 6.5 on a scale of 1-7 with a 99% member recommended referral rate.
Interested in learning more about becoming a Mortgage Markets CUSO partner? Contact Victor Petroni at firstname.lastname@example.org