Members Mortgage Company
10 Cedar Street, Suite 11 Woburn, MA 01801
Toll Free (800) 316-9790 (781) 376-9020
Fax: (781) 376-0667
email: info@membersmortgage.com
 
Correspondent Lending
Selling individual loans to investors doesn’t have to be a complex process. If you can’t fund a mortgage, don’t risk losing a borrower. Members Mortgage Company makes it easy with comprehensive Correspondent Lending services that allow you to offer consistent lending practices.

Key Features

MMC analyzes and qualifies individual loans for salability. We close the transaction and find the appropriate investor. The credit union also has the option of funding the loan and then selling it to MMC without booking it – the credit union collects interest from the time of closing to the first payment.

Benefits
  • Retain members – Correspondent Lending services let you maintain a consistent lending program while managing your capital and balance sheet according to business needs and regulatory requirements.

  • Save time and resources – Many credit unions lack the resources to analyze loans, locate investors and complete transactions. With MMC, you gain an expert partner dedicated to timely, high quality service.

  • Increase fee income – Credit unions can earn one percent of the loan amount without ever lending money.

Get Started

To learn more about Correspondent Lending, contact Joe Zampitella at (800) 316-9790 or
e-mail joe@membersmortgage.com.

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10 Cedar Street, Suite 11 • Woburn, MA 01801
Toll Free: 800.316.9790 • Tell: 781.376.9020 • Fax: 781.376.0667
ML #3250 | RI #96000619LL | CT #6249 | ME #SLM3178| NH #5443-MB Licensed by the New Hampshire banking department
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