Listen to a Podcast
Challenges and Opportunities in Housing Finance for Credit Unions, with Dan Green
Overview
Prime Alliance Solutions is the Preferred Partner of NAFCU Services for mortgage processing and fulfillment services.
As the nation’s largest CUSO representing over 1600 credit unions, Prime Alliance was created by credit unions to ensure that more members become homeowners using credit union financing. Our Innovative solutions, when combined with our Experienced staff and a business model that provides credit unions multiple Choices, delivers the most effective real estate solution in the industry. Prime Alliance is about:
1. Innovation: Prime Alliance enjoys an earned reputation for being innovative and remains committed to helping credit unions do more with less.
2. Experience: Prime Alliance's team has deeper 'macro-knowledge' of the credit union industry and real estate lending than any other mortgage company serving credit unions. The team is focused exclusively on credit union real estate lending objectives.
3. Choices: Choices is not a marketing slogan but our technology architecture, our partner relationships, and our ability to help a credit union develop a strategic plan using a wide array of industry leading solutions.
Whether its retail lending, loan fulfillment, settlement services, real estate services, loan servicing or our newly introduced Strategic Mortgage University, Prime Alliance provides comprehensive real estate program to credit unions of all sizes that enhances your member's home buying experience.
There is strength and power in Prime Alliance’s credit union numbers -
Prime Alliance lowers credit union operating costs through increased efficiency,
translating to member savings at the settlement table or improved return to membership – your choice. In 2007, 45% of all credit union home loans were originated by Prime Alliance credit unions. Most Prime Alliance credit unions originated more loans more efficiently than any other segment of the mortgage industry.
We work with credit unions of all sizes! Whether your credit union is processing 100, 50, 25 or 5 loans a month, we have a solution. Credit unions can license directly with Prime Alliance, utilize our MortgageClick solution (lower volume but in-house mortgage operation), or work with one of our 11 CUSO partners and outsource and co-brand your mortgage program.
Closing Services – Prime Alliance Closing Services provides mortgage lenders with access to leading mortgage settlement service providers through one highly organized and customizable system. Whether integrated with your Loan Origination System or accessed online, you have access to all services needed to originate and close mortgage loans. Prime Alliance Closing Services is fully customizable, providing you the ?exibility to easily select, add, and merge your favorite vendors to create your perfect bundle. Credit unions are able save up to 10% on total month-end invoices based on the number of closing services utilized. Qualifying services include automated valuations, closing documents, flood certificates, full appraisals, home equity loans and title.
Strategic Mortgage Solutions (SMS) - We bring both consulting and education to credit unions to create comprehensive strategies as well as direct implementation of these strategies. Whether it is through onsite consulting engagements or our four (4) class offerings through SMS University, we develop and deliver the training your staff needs to be successful. Most credit unions don't have the time or resources to develop results oriented training programs. We will develop and deliver the training your staff needs to be successful.
Real Estate Agents Make Great Friends! –Prime Alliance Real Estate Services provides a co-branded program that offers a dedicated Member Advocate and a specially chosen Real Estate Professional matched to provide your members with an exceptional home buying or home selling experience. Highlights include: a Cash Back program, dedicated Member Advocates, Credit Union Certified Real Estate Professionals, Homebuyer Privileges Package™ and ready to use Marketing Materials.
Company
Prime Alliance Solutions is a CUSO created by BECU and DEXMA, and powered by Fannie Mae Desktop Underwriter®, as "An Alliance of leading Credit Unions and strategic partners, dedicated to refining the mortgage process and enhancing the member's mortgage experience."
Watch a Webcast
Should credit unions offer mortgage lending?
So you want to be a mortgage lender...
NAFCU Member-only Benefits
Prime Alliance Loan Fulfillment Center - $5,000 off license fee, $100 off Prime Alliance annual User Conference registration, 5% reduction in cost on transactions in excess of 100/month.
News
February 4, 2008 -- Prime Alliance and NAFCU Services Release Free Webcast - "Should Credit Unions Offer Mortgage Lending?"
October 24, 2007 -- Prime Alliance and NAFCU Services Offer Free Podcast on Challenges and Opportunities in Housing Finance for Credit Unions
