Homebuyers desiring rate certainty while shopping for their dream home will soon have the option to Lock and Shop with MMS Credit Unions. With Lock and Shop, your member secures a guaranteed rate cap for up to 240 days with a float down option if rates decrease.

There is no additional cost for your Credit Union to offer this rate option to members, but your members will pay a slightly higher lock-in rate depending on the term of the lock. Starting October 1 you can quote a Lock and Shop rate.

An Extended Lock will also be optional for new construction. Members pay an upfront fee to lock the rate, which is refunded through closing costs. Extended Lock also has a one-time float down option.

  • 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.

    Angie M. President Emporia State Federal Credit Union

  • 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.

    Sarah C. Senior Mortgage Loan Officer Archer Credit Union

  • 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.

    Eileen P. SVP/Chief Operations Officer Credit Union of America