Co Op Financial Services Introduces Co Op Mortgage Solutions



RANCHO CUCAMONGA, Calif. (May 28, 2013) - CO-OP Financial Services is introducing CO-OP Mortgage Solutions, a suite of mortgage lending services for credit unions that combines advanced technology applications, legal/regulatory expertise and call center support.

"Mortgage lending is a cornerstone product for credit unions, yet building the in-house capacity to support mortgage portfolios and keeping up with complex regulatory mandates can be difficult for many institutions," said Stan Hollen, President/CEO, CO-OP Financial Services. "CO-OP Mortgage Solutions brings technology, expertise and availability to credit unions needing a comprehensive and cost-effective mortgage offering to grow and retain membership."

The CO-OP Mortgage Solutions suite includes four services:

  • Correspondent Lending Program provides a conforming loan purchase program for the mortgages credit unions may not want to hold on their balance sheets. Benefits to credit unions include reduced operational costs, remaining compliant and avoiding buy-backs.
  • Loan Servicing for compliant, high-touch subservicing of performing and non-performing loans. Benefits include technology applications that provide credit union managers with real-time views into loan performance and a service team dedicated to saving credit unions time and money, while protecting their investments.
  • Origination Services to provide domestic support in the processing, underwriting and closing of residential mortgages. This service includes comprehensive fulfillment solutions that are SAFE Act-compliant and easy to use loan origination system software.
  • Settlement Services to provide nationwide access to a complete array of title insurance, uninsured title products and timely closing services. This service is designed to help credit unions close more loans faster, and with greater control of the settlement process.

CO-OP Financial Services is offering CO-OP Mortgage Solutions in partnership with LenderLive Network®, Inc., of Glendale, Colo., and will operate services via CO-OP Member Center, a wholly-owned subsidiary of CO-OP Financial Services based in Fort Worth, Texas. CO-OP Member Center provides call center support to credit unions for member and lending services.

For more information, contact or 800-782-9042, ext. 7140.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation's largest credit union service organization in terms of number of credit unions, assets and members. The company specializes in helping credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of "Be There. Be More," CO-OP's products fall into three business lines, including "Locations," (ATM, shared branching and call center services); "Card Payments" (debit and credit processing) and "Mobile/ Virtual" (mobile, online, check imaging, bill pay services). To learn more visit