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Hudson Valley Federal Credit Union Expands Mortgage Business by Using Mortgagebot with Loan ... - page 2 / 2





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As with HVFCU, Mortgagebot with Loan Prospector gives you the opportunity to:

  • Improve customer service and increase retention—Give borrowers all the information they need to obtain a mortgage in less than fifteen minutes, enable more of your staff to serve your clients in a higher quality manner, and cross-sell your customers by offering a variety of additional products.

  • Leverage a new channel, improve existing ones—Reach more borrowers by moving beyond your brick-and-mortar to reach customers over the Internet and bring state-of-the-art web-based origination technology to your loan officers, branches, and call centers.

  • Lower your costs and increase efficiency—Reduce your origination times by 400 percent, accomplish more at the point-of-sale, and completely eliminate all manual re-keying of mortgage application data.

Mortgagebot with Loan Prospector offers credit unions the means to compete with larger lender institutions,” said Ron Ross, Community Lending account manager for Freddie Mac. “The Mortgagebot website adds value to credit unions and point-of-sale business goals.”

Over a year ago, HVFCU made the decision to expand their market and re-engineer their lending operation. Mortgagebot with Loan Prospector provided them with the tools—flexibility, branding, the ability to configure and customize — they needed to build a lending operation that would reach more members.

“We are happy with our choice of Mortgagebot with Loan Prospector and believe it will bring our credit union a better return-on-investment in the end,“ said Bromsey.

Get More Information

Find out more about Mortgagebot with Loan Prospector solution, with advantages through the Freddie Mac/CUNA Alliance that can help your credit union’s mortgage origination strategy at http://www.freddiemac.com/singlefamily/cuna.html, or call the Freddie Mac/CUNA Alliance hotline at (866) 220-2074.

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