Program featuresYour credit union can be a full-service mortgage lender while limiting risk, expense, and start-up time. As an Alaska USA correspondent, you will be supported by the Mortgage Production Group, your behind-the-scenes mortgage operation providing the right solutions for every step of the process. Online applicationAlaska USA’s online application technology is linked to your web site, making it easy for your members to apply. They will be able to obtain customized rate quotes, request assistance, and access helpful mortgage resources and calculators. The system is private label and customizable to your credit union’s color and logo, making mortgage lending a seamless value-added offering from your credit union. Systems integrationAll loan information can be transferred electronically through the online application system to the Mortgage Production Group. Your member will receive requests for information, updates, and notifications throughout the application process, and your credit union will receive regular reports from the Mortgage Production Group on loan status information. Your members will appreciate the competitive rates and flexible options you can offer. Point-of-sale supportMortgage Production Group experts will provide accurate, timely, and professional support to your member to ensure the successful processing of each mortgage application. Whenever additional assistance is needed, your front-line service representatives can call the Alaska USA support team toll free. Compelling mortgage offeringsRates and optionsYour members will appreciate the competitive rates and flexible options you can offer. Alaska USA produces volume through its own retail production and loan aggregation, and is able to negotiate favorable pricing with investors to bring you some of the best rates in the market. Alaska USA has also negotiated reduced pricing for third-party services such as credit, appraisal, and flood determination, and these savings are passed on to your member. Product selectionAlaska USA offers a full range of mortgage programs and products with competitive pricing so your members can find a home loan that is right for them. They benefit from volume discounts, which allow more choices and qualifying options. All-inclusive pricingAlaska USA’s price is your credit union’s price, a savings you can pass on to your member. Indicative rates are published every business day and include a range of rates for each mortgage product offered. Behind the scenes, our lock desk representatives will manage and maintain your member’s rate commitment and answer even the most difficult interest rate questions. If you want to charge a loan fee, Alaska USA can tailor your online application system to collect a 1/2 or 1% loan origination fee. Best-effort commitmentsWhen your member is ready to lock in a rate, Alaska USA will guarantee the interest rate over the life of the commitment. If the loan does not close as expected, extensions or modifications are available for a fee. Keeping you informedComplianceKeeping up with rules and regulations won’t slow you down or keep you up at night. Alaska USA and the Mortgage Production Group operate in compliance with all state and federal laws and meet NCUA mortgage lending regulations. You can be sure that your mortgage lending process is compliant. Productivity ReportsMonthly and yearly productivity reports give you the opportunity to track your volume and determine the profitability of your mortgage program. |
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