McLean,VA (PRWEB) December 16, 2013
Mortgage Harmony Corp., the innovative provider of Loan Retention Software (LRS™) and the HarmonyLoan™, today announced that NSWC Federal Credit Union has agreed to offer the HarmonyLoan ™ “one click” rate change to its members. Established in 1961, NSWC Federal Credit Union serves approximately 29,000 members and has assets in excess of $305 million. Headquartered in Dahlgren, VA, NSWC FCU is a member of the Credit Union Mortgage Association (CUMA), a full service mortgage company that originates and services loans for its credit union members.
“NSWC Federal Credit Union is the latest credit union to recognize the value that the HarmonyLoan™ brings to their members,” said Scott Toler, president and chief executive officer of CUMA. “This product is good for the member, good for the credit union and good for the industry.”
Mortgage Harmony’s Loan Retention Software™ (LRS™) and the HarmonyLoan™ with the rate re-set feature dramatically streamline the refinance process: Consumers are able to reset their interest rate in seconds on a secure, customized website by a “click” of a button with no out-of-pocket costs and no administrative hassle.
“The mortgage finance industry has changed over the past few years making it more difficult for good credit worthy borrowers to access financing,” said Dolores Dobyns, Loan Manager of NSWC Federal Credit Union. “We are actively structuring products to serve these credit worthy borrowers and the HarmonyLoan fits in well with this objective.”
“We are very excited to have NSWC Federal Credit Union join the ranks of credit unions that are offering the HarmonyLoan™,” said Robert Catalanotto, chief operating officer of Mortgage Harmony. “This is positive news for NSWC FCU members and we look forward to serving more credit unions through our partnership with CUMA.”
About Mortgage Harmony Corp.
Named by the American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch in 2013, Mortgage Harmony Corp. designs, develops and distributes innovative technology products for banks, credit unions and mortgage companies. Its mission is to create products and services that properly align the economic incentives of all participants of a loan transaction and bring long-term stability to the finance services industry. The HarmonyLoan™ is a consumer-initiated interest rate-resetting loan feature with a recurring compensation structure for the loan originator. For more information on Mortgage Harmony and the HarmonyLoan™, please visit http://www.mortgageharmony.com.
About Credit Union Mortgage Association
CUMA is a full-service mortgage company headquartered in Fairfax, Virginia and serving the entire United States. It is owned by credit unions in Virginia, Maryland, Washington, D.C. and Pennsylvania. CUMA has been providing mortgage financing exclusively through credit unions for over 32 years. CUMA has a staff of seasoned mortgage professionals who assist credit union members with decisions on choosing the best loan programs. CUMA provides origination, underwriting, closing and servicing solutions to its credit union members. Find more information at http://www.cumortgage.net.
About NSWC Federal Credit Union
NSWC Federal Credit Union was federally chartered in 1961, and has grown into a full-service financial institution with total assets of over 305 million dollars. The NSWC Federal Credit Union is a member-owned financial institution dedicated to meeting members' needs by providing quality products and convenient services in a professional manner, while ensuring financial integrity. Members' deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration, a U. S. Government Agency.” To learn more about NSWC, visit nswcfcuonline.org.