For this month's live Mortgage Monthly show, brought to you by CU Members Mortgage, CU Members Mortgage Executive Sales Consultant Joe Polaski joined us to talk about outside the box portfolio lending for credit unions.
Here are some of the items we discussed:
credit unions putting first mortgage loans on their books, sometimes for the first time
identify a niche associated with your community or your membership
isn’t creating a sell-able mortgage loan less risky
credit unions can create a loan that is non-conforming but still a good credit risk
adding non-standard mortgages to their portfolio
So many takeaways in this highly informative, rapid-fire discussion with Joe. The opportunities are certainly there for credit unions to leverage. Check it out and let us know your thoughts. And stay tuned for next month's LIVE Mortgage Monthly show.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.