Webinar to Give Credit Unions Timely Advice for Optimizing Mortgage Operations and Easing Compliance Worries

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QR Lending Offers a Reliable Mortgage Servicing Alternative for Institutions Affected by Universal Mortgage Corp. Closure.

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QR Lending can begin working with credit unions to seamlessly support their mortgage lending businesses and borrowers in less than 24 hours.

QR Lending, Inc. announced today that it is conducting a complimentary webinar for credit unions on May 20, 2010 at 2 p.m. ET titled Optimize Your Mortgage Operation and Ease Compliance Worries. This timely online event will provide a greater understanding of the options available to help credit unions and their mortgage operations more easily respond to ever-changing market conditions and make the most profit on their mortgage business.

Major regulation changes. Tightened lending standards. Minimal staff. More mortgage shoppers moving online. These are just a few examples of the daily challenges bombarding financial institutions and their mortgage operations. Now, this week, credit unions are also faced with news of another mortgage company closure--Universal Mortgage Corp. of Mequon, Wisconsin is closing its operations.

Whether attendees have an existing mortgage operation or want to start one, this webinar will give them knowledge of how they can augment internal resources or outsource the origination, processing, servicing, closing and funding of their loans. QR Lending will also share with attendees how they can achieve profitable results and remain up to speed with evolving regulatory requirements, while minimizing risk and expense. And, in the midst of this latest closure, credit unions will learn how QR Lending can begin working with them to seamlessly support their mortgage lending businesses and borrowers in less than 24 hours.

Credit union executives will learn how to:

  • Start or augment an existing mortgage operation without adding staff
  • Determine whether a retail, wholesale, streamlined correspondent or correspondent delivery channel best fits their credit union's needs
  • Stay current with regulatory changes
  • Rely on QR Lending to subservice their portfolio loans and meet the new escrow account requirements
  • Meet varying loan demand without impacting internal resources
  • Leverage technology without an up-front investment
  • Retain strong relationships with borrowers
  • Reduce turnaround time to just 48 hours

Credit unions may register for this event at http://www.qrlending.com/webinars, or for immediate assistance contact Jody Zersen, Director, Lending Solutions, QR Lending, Inc. at 888.766.4734 or jzersen(at)qrlending(dot)com.

About QR Lending
QR Lending is a nationwide provider of residential mortgage services for community financial institutions, offering a quality resource for handling everything from originating to servicing mortgage loans. The QR Lending services are as flexible as they are comprehensive, allowing customers to select the areas of involvement that best fit their business needs. QR Lending works as an extension of a credit union's internal team, and delivers the personal, reliable service required to help institutions meet the mortgage needs of their members. For more information about QR Lending and its services, visit http://www.qrlending.com or contact us at 888.766.4734.

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Tom Pisapia

Tracey Frederickson
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