CUC Mortgage Takes First Step to Going Green
Posted on July 16, 2010Contact Public Relations Coordinator (800) 342-9835 ext. 8130.
(July 16 – Albany, NY) — CUC Mortgage Corporation is offering client credit unions the option to receive loan application disclosures and pre-closing mortgage documents electronically, thanks to a partnership with A La Mode, Inc.’s SureDocs system.
With SureDocs’ internet-based secure electronic document delivery system, CUC Mortgage can now deliver documents to anyone, anywhere, anytime. After creating personalized login credentials at SureDocs’ secured website, credit union lenders and borrowers can view, make quick changes and add signatures to their electronic documents, which can then be transmitted instantly to CUC Mortgage. Documents can also be downloaded, giving all involved parties the ability to read, store and print them at their convenience. (The documents are available for 90 days.) CUC Mortgage can also accept appraisal fees online.
Since CUC Mortgage launched SureDocs on May 1, an overwhelming 70 percent of clients have opted to receive disclosure documents electronically and pay appraisal fees online.
“We have heard nothing but positive feedback since the program was introduced,” said Richard Maxstadt, SVP/COO of CUC Mortgage. “Clients have commented on the ease of accessing their paperwork, reviewing their loan specifics and being able to pay fees without having to write checks.”
Electronic submission and delivery of disclosure documents keeps CUC Mortgage—and in turn, their credit union clients—on the cutting edge of the latest mortgage-related technology.
“In moving away from traditional mail service to electronic submission and delivery of disclosures, we are able to streamline the workflow process from application to closing, providing both the lender and the consumer the most expedient loan process possible,” noted Maxstadt. “It also brings us one step closer to writing totally paperless mortgages.”
Online mortgage services help credit unions meet the expectations of their growing Gen-X and Gen-Y consumer base, who want information instantly and electronically. It’s also a plus for military personnel away from home due to active duty deployment.
CUC Mortgage, headquartered in Albany, N.Y., and licensed in New York, New Jersey, Connecticut, New Hampshire, Pennsylvania and Vermont, is a full-service mortgage corporation committed to serving credit unions in the greater Northeast. Every aspect of the organization’s mortgage program, which promotes growth and increased revenue, is customized to meet the unique needs of credit unions and their members’ dreams of home ownership. To learn more about CUC Mortgage, established in 1987, visit www.cucmortgage.com.