The Federal Housing Finance Agency (FHFA) announced a loan limit increase in the maximum conventional loan amount. In the Members Mortgage Services geographic area of eight central states, the new limit is $510,400. This will take effect January 1, 2020. MMS will administrate this change on all partner websites.
In today’s mortgage market, products are just products. Choosing the right partner really comes down to trust. Members Mortgage Services is superb at delivering on the big things, and even better at delivering the little, unexpected ones.
Our loan portfolio grew 433% in the first six months of our MMS relationship. I would never have been able to handle this significant increase in volume had it not been for the entire MMS team as well as the technology they offer. With MMS, Archer Credit Union is finally able to be a competitive force in mortgage lending in our community.
By refocusing our mortgage efforts on origination, Credit Union of America has gone from being a minor player in mortgage lending to the #1 lender in the Wichita market. Partnering with MMS was the key to this success.