Strategic Link Announces New Partnership with Consolidated Mortgage Group
In today’s competitive landscape of financial services, it is important for credit unions to know their strengths and how they fit in with the industry. Consolidated Community Credit Union has found their niche in real estate lending – particularly residential home loans and commercial real estate loans.
Guided by the ideology of “credit unions helping other credit unions,” it has become CCCU’s mission to boost its credit union community through partnerships that will provide an unparalleled lending experience for members in the Pacific Northwest.
For more than 60 years, Consolidated Community Credit Union has helped residents finance their dream homes and refinance loans to improve their financial position. As CCCU’s mortgage loan department grew and evolved, other credit unions asked if they could assist their members with home loan needs.
As a result, CCCU formed Consolidated Mortgage Group (CMG) to partner with other credit unions to help their members obtain the very best financing package available with service their members have come to expect.
Jeff Berard, CMG’s Vice President of Marketing and Business Development, oversees all credit union partnerships.
“Like all great ideas, this one kind of hit us over the head,” Berard said. “In the beginning we never set out to partner with so many credit unions, but today we serve 27 credit unions and the list continues to grow every day.”
Although Consolidated Mortgage Group is headquartered in Portland, it has partnered with 27 credit unions in four different states, including Oregon, Washington, and Idaho.
Last year, CMG funded more than 800 mortgage loans for more than $200 million for credit union members.
“The reason we close so many loans is simply because we have the best rates and fees and a staff that is second-to-none with three of our loan officers having been consistently recognized by Portland Monthly as ‘5-star’ mortgage professionals,” said Brent Schreiber, Vice President of Real Estate Lending for CMG. “I might be biased, but the growing number of happy partner credit unions is a testament to the quality work of our team. They are the true reflection of our program.”
Consolidated Mortgage Group has developed relationships with a wide range of mortgage lenders, so they have access to conventional, jumbo, FHA, VA and USDA loan products offered on the secondary market.
As a federally charted institution, CMG can also fund loans in all 50 states, which is a huge differentiator when comparing other mortgage-lending providers. The team at CMG also understands that each credit union is unique, and mortgage solutions will not always be the same for each institution. Flexibility and the willingness to listen have been key factors in CMG’s success.
“After meeting with the Consolidated Mortgage Group team, I was impressed with how focused they are. From the top down, they literally eat, drink and sleep real estate lending,” said Jason Smith, NWCUA’s Vice President, Strategic Resources.
“Consolidated Mortgage Group was a natural fit for our program in that they are already assisting so many northwest credit unions and I am sure they will continue to be an asset to our region.”
Contact Jason Smith, NWCUA’s Vice President, Strategic Resources, at [email protected] to find out more about Consolidated Mortgage Group.