Frequently Asked Questions About CUSO Mortgage, Inc.

Questions? CUSO Mortgage, Inc. has the answers.

What does it cost to get started with CUSO Mortgage, Inc. and what is the timeline?

There are no upfront costs or investments needed to begin your mortgage program. Once you execute our agreements, we will assign you a unique branded mortgage web site. Our account executives will provide you with customized marketing materials to roll the program out to your members. You can be in the mortgage business within days of partnering with us.

 

What will we earn?

You will earn income in several ways. You will earn the interest income from any loan in your portfolio, for as long as the loan remains on your balance sheet. You‘ll earn the interest income on any loan you instruct CUSO Mortgage, Inc. to sell into the capital markets from the day it’s funded until it’s purchased by CUSO Mortgage, Inc. to sell to the targeted investor. You’ll also earn non interest income based on your level of participation in the origination process.

 

How do you set your rates and communicate them to our members?

CUSO Mortgage, Inc. publishes daily interest rates for loans that will be sold in the secondary market. These rates are posted on the web site that we host for your credit union. You determine the rates for your portfolio programs, and CUSO Mortgage, Inc. will display those rates on your web site as well. Your members will be able to check rates 24/7 from anywhere.

 

Other questions?

If you have any other questions, please contact us at info@cusomortgage.com or 1-888-400-5000.

 

CUSO Mortgage, Inc. is an Equal Housing Lender.

CUSO Mortgage, Inc. is licensed by the California Dept of Business Oversight under the California Residential Mortgage Lending Act — License Number 413-0584. NMLS ID 226752.