NEW TECHNOLOGY PRICING ON THE WAY

Beginning March 2019, Members Mortgage Services will change to a new pricing method that will bring significant savings and added resources to partner Credit Unions.

Under a new “per closed loan” fee, services will be bundled. One fee provides access and service to a complete suite of technology services for first and second mortgages:

  • Online Origination Technology
  • Processing and Closing Technology
  • Warranted Early Disclosures
  • Warranted First and Second Mortgage Closing Document
  • DU/LP Automated Underwriting System
  • DocuSign E-Signature Technology
  • Pred Protect – automated compliance checker
  • Virtual Loan Folder – document recognition and storage center

Credit Reports and Flood Certifications will remain third-party fees outside of the bundled per closed loan fee.

This change simplifies billing and aligns costs closer to income, since declines and withdrawals will no longer have technology submission fees. Our purchasing power has increased because of the success and loyalty of our Credit Union partners. We applaud this great example of cooperative principles at work.

  • 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 Miller 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 Campa 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 Phelps SVP/Chief Operations Officer Credit Union of America