W E LCOM E TO A M ERI C U
B ECOME OU R M ORTGAG E PA RTNER At AmeriCU, we’ve been partnering with credit unions since 1993 to deliver members an outstanding mortgage experience. And, because we have the unique opportunity to service the loans we originate, together we are able to forge relationships with your members from application to closing and beyond. Our values are your values: community, transparency, and trust. AmeriCU is a direct lender so you can be confident that every step of the mortgage process is done inhouse. Our proven record of success and hundreds of 5-star reviews demonstrate our commitment to being a community lender, just like you.
WHY A ME R I C U ? When your members turn to their credit union for their mortgage loan, they expect a little more: courteous service, the added personal touch, and an understanding of their needs. AmeriCU is an extension of your lending team, providing a tailored approach with the same professionalism and courtesy that you deliver to your members every day.
• We offer a dedicated and experienced loan officer for your credit union • We will always service your members loan; we do not sell the loan • We have a long line of loan programs designed to meet the needs of your members • We provide creative and marketing support to give you maximum visibility • We service your members’ loans for the life of the loan
YOUR IN-HOUSE MORTGAGE DEPARTMENT...TAILORED FOR YOU We understand there is no purchase more important or exciting than a new home. That’s why we provide home financing solutions to suit the needs of your credit union and members. Our dedicated team of professionals utilizes the latest technology to secure your member’s financing quickly and
OPTIONS INCLUDE: · TRADITIONAL SECONDARY MARKET PRODUCTS · PORTFOLIO FULFILLMENT · SUB-SERVICING
efficiently. Our team understands complex underwriting guidelines and has access to a variety of loan programs which help us provide you with financial flexibility. We work to ensure your member’s confidence and security from consultation to closing. Why? Because we’re
homeowners too; we know the buying process inside and out. We incorporate our commitment of community in all of our lending decisions and, most importantly, we provide continuous, local customer service for the life of the loan.
PRO DUCTS A N D P RO G R A M S D E DICATE D TO YO U. Expand your product offerings and increase member loyalty by partnering with AmeriCU. We deliver the benefits of a community lender with the support of a corporate partner. CONVENTIONAL LOANS FHA LOANS USDA LOANS (FARM LOANS) VA LOANS DAY 1 CERTAINTY JUMBO LOANS HOMEREADY HOMEPOSSIBLE HARP PROGRAMS RENOVATION LOANS NON-QM PHYSICIANS LOANS MANUFACTURED HOME LOANS
Join other high-performing credit unions nationwide and become an AmeriCU partner credit union today.
L E T US MA KE YO U R M ORTGAGE D E PA RTME NT A P ROFIT C E N TE R ! AmeriCU saves your credit union the expense of staffing an in-house mortgage department and the associated marketing and operational costs of running your own mortgage division.
HOW DOES YOUR CREDIT UNION GET PAID? Your credit union earns the note rate from the time of funding (15-30 days) to investor purchase. In addition, your credit union earns a funding fee from AmeriCU of .75 Basis points. (BP)
NOTE RATE + FUNDING FEE = PROFITABILITY FOR CREDIT UNION! PROFITABILITY OPPORTUNITIES WITH AMERICU… ASSUMPTIONS:
INTEREST EXPENSE REBATE:
MEMBER ORIGINATIONS PER MONTH
AVERAGE NOTE RATE
AVERAGE LOAN SIZE
3 $175,000
AVERAGE DAYS FUNDING TO PURCHASE MONTHLY INTEREST EXPENSE REBATE
FUNDING FEE INCOME:
MONTHLY FUNDING FEE INCOME
FUNDING FEE EARNED PER LOAN
0.75%
MONTHLY FUNDING FEE INCOME
$3,938
4.00% 30 $1,726
$3,938
MONTHLY INTEREST EXPENSE REBATE
$1,726
TOTAL MONTHLY PROFIT
$5,664
TOTAL ANNUAL PROFIT
$67,962
NO
ORIGINATION COST TO CU MORTGAGE LOAN OFFICER EXPENSE UNDERWRITER EXPENSE PROCESSOR EXPENSE MARKETING EXPENSE COMPLIANCE EXPENSE
Imagine, our entire mortgage team extended to you... and increasing your revenues. Mortgage specialist, processing and underwriting expertise, compliance and all the marketing support you need to build a profitable mortgage program for your members…all you need to do is partner with us and we will make it happen.
LET’S GET STARTED 2170 E. BIG BEAVER ROAD SUITE A TROY, MI 48083
800.979.9994
NMLS ID #3028 WWW.AMERICU.COM
AmeriCU is a division of Towne Mortgage Company. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions apply. The information provided in this flyer is for dissemination to and for the use of real estate and financial business entities only and is not an advertisement for the extension of credit to consumers. GA License #: 12701. IL License #: MB.6760710. Licensed by the N.J. Department of Banking and Insurance. CA License #: 41DBO-45117. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.