New CUSO manages your vendors when it comes to mortgage processing — with dividends to boot

by CUbroadcast

with Mike Lawson

Credit unions are always looking for new revenue streams. Heck, just about any business is these days. But credit unions especially have been cutting it close to the bone when it comes to revenue and expenses because, well, they’re there to help the people, not make a ton of money — and that’s just cool.

But any extra cash from a new revenue stream allows a credit union to reinvest in new services and technologies that will make them more valuable. Along comes a new CUSO called Alliance LLC that is doing just that. It essentially pays your credit union to process your mortgage loans. Sounds pretty sweet. Well, we invited Alliance’s CEO Mike Steuer on the program to get to the bottom of this dividend model that benefits all parties involved. Check it out and let us know what you think.

Visit: www.alliance-llc.com

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