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Millennials currently have more spending power than any other generation, and that spending power aligns with common lifestyle changes of their age range. Many are beginning to get married, have children, and tire of the frustrations of long-term renting. Although...
For years, “millennial” has been a loaded term. Older generations in particular tend to hear “millennial” and picture entitled teenagers with no inclination toward investment or future planning. And there’s some truth to that — thanks to a number of societal...
Adding a mortgage product line doesn’t happen overnight, but the value of doing it is clear. It is a heavy load, and many credit unions find it difficult to make the service profitable without help from a trusted third-party. A CUSO can be a great partner for the...
Mortgages are a major financial commitment, unlike shorter-term auto or recreational vehicle loans. Committing to a long-term loan can be an emotional process. Buyers save up a down payment, research neighborhoods and then find the perfect home. And when the buyer...
By: Andrew Duncan, senior vice president, mortgage technology & compliance Generally speaking, the purpose of compliance is to help an organization manage risk. That’s especially important for smaller institutions like credit unions that are laser-focused on...
