CUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage and home equity products

JACKSONVILLE, Fla., Nov. 16, 2023 (SEND2PRESS NEWSWIRE) — CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower’s newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO’s shared services model. Four of its owner credit unions will use Empower to originate mortgage loans.

Image Caption: Dark Matter Technologies.

“The shared services model is alive and well in the credit union space because it’s a smart strategy for maximizing efficiency, cost savings and scalability — the very same benefits Dark Matter’s Empower delivers for lenders of all kinds,” said Dark Matter CEO Rich Gagliano. “We are proud to introduce expanded support for joint ventures that frees credit unions to offer customized member experiences while reaping all the benefits of the CUSO model. CUSO Home Lending is driving innovation as the first CUSO to implement this new feature set.”

Headquartered in Hampden, Maine, CUSO Home Lending is a credit union service organization and licensed mortgage company owned by credit unions and the Maine Credit Union League. For 30 years, CUSO Home Lending has supported its owner credit unions and the communities they serve with cost-effective access to mortgage fulfillment services, loan servicing and origination technology.

“Technology has become a central focus of our business strategy because of the value it drives for our credit union owners and partners, and the superior mortgage experience it enables us to deliver to consumers,” said CUSO Home Lending President and CEO Lori Michaud. “We evaluated a lot of potential origination technologies, and Dark Matter’s Empower LOS stood out for its highly advanced automation, the knowledge of its staff and its ability to individualize our credit unions’ sites with their own branding, products and pricing.”

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com/

About CUSO Home Lending:

CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. We have been originating and servicing mortgages since 1993. Our mission is to provide consumer—credit union members as well as non-members—with a full menu of competitively priced residential mortgage products and services with extraordinary courtesy and exceptional service. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher income borrowers. For more information, visit https://www.cusohl.com/

Related Post
Innovation Newsletter
Don't miss the most important news about Innovation. Sign up to receive them by email.

MULTIMEDIA:

LOGO Link for media: https://www.Send2Press.com/300dpi/23-0915-s2p-dark-matter-300dpi.jpg

News Source: Dark Matter Technologies

To view the original post, visit: https://www.send2press.com/wire/cuso-home-lending-rolls-out-dark-matters-empower-los-to-support-mortgage-and-home-equity-products/.

This press release was issued by Send2Press® Newswire on behalf of the news source, who is solely responsible for its accuracy. www.send2press.com.

 

  

 

BlogofInnovation.com

Innovation Newsletter
Don't miss the most important news about Innovation. Sign up to receive them by email.

Recent Posts

RX Japan’s 4th JFEX and 8th “JAPAN’S FOOD” EXPORT FAIR to showcase F&B industry excellence

Tokyo Big Sight will host the summer editions of Japan Int’l Food and Beverage Expo (JFEX) and the “JAPAN’S FOOD”…

2 days ago

MigrateEmails Launching the Most Efficient CSV to vCard Converter

MigrateEmails is the most trusted brand that offers innovative solutions for users’ IT needs worldwide. They aim to provide businesses…

2 days ago

Transforming Legacy Systems with Modern Software Development Approaches

Businesses face the challenge of staying aware of always advancing technology trends while keeping up with legacy frameworks that structure…

2 days ago

Industry Leaders and Cutting-Edge Technologies to Gather at COMNEXT

The global communications industry is set to converge at COMNEXT, the premier international trade show dedicated to next-generation communication technologies,…

2 days ago

A Master’s Hands Launches a New Website to Benefit Customers

A Master’s Hands, a premier home improvement and remodeling company, is excited to announce the launch of its new and…

2 days ago

Selected startups will advance technology-driven improvements in heart and brain health

​​DALLAS, June 13, 2024 — The American Heart Association, through its Center for Health Technology and Innovation (the Center), has selected…

3 days ago

Seguici

Innovation Newsletter
Don't miss the most important news about Innovation. Sign up to receive them by email.