Financial Institutions Advantage, Level 1
- Credit Union takes an application
- Collects documents then sends to Capital Mortgage Funding and performs other required tasks
- Capital Mortgage Funding is responsible for disclosures, processing, underwriting, closing and funding
- A dedicated Capital Mortgage Funding Loan Officer will have direct communication with the credit union’s member and loan officer
Financial Institutions Advantage, Level 2
- Credit Union takes an application
- Collects documents then sends to Capital Mortgage Funding
- Credit Union orders the appraisal, facilitates the closing and performs other additional required tasks
- Capital Mortgage Funding is responsible for disclosures, processing, underwriting, closing and funding
- A dedicated Capital Mortgage Funding Loan Officer will have direct communication with the credit union’s members and loan officer.
Financial Institutions Advantage, Broker Select
Wholesale lending without the wholesale headache!
- Credit Union takes an application, submits to Capital Mortgage Funding’s web based LOS, runs credit report, automated underwriting, uploads all documents and orders appraisal
- Capital Mortgage Funding does all disclosures, underwrites and closes
- Credit Union gathers conditions, Capital Mortgage Funding issues final approval
- The credit union schedules the closing and Capital Mortgage Funding prepares closing documents and funds
- A dedicated Capital Mortgage Funding Loan Officer will assist and facilitate throughout the entire loan process
Marketing Service Agreement
- Credit Union actively promotes first mortgage services by Capital Mortgage Funding
- Regular turn key marketing promoting mortgage products
- Credit Union and Capital Mortgage Funding will regularly meet and evaluate marketing performed
- Compensation is based on Credit Union marketing to members on behalf of Capital Mortgage Funding, based on third party valuation
