AUSTIN, Texas – More than 300 credit unions in three states will have the ability to offer their members insurance products under their own private label. First Lenders Data, Inc. has aligned with Marlboro, Mass.-based Members Insurance Agency, LLC, an insurance solution provider owned by the Massachusetts, New Hampshire and Rhode Island Credit Union Leagues that together represent more than 300 credit unions. The alliance allows Members Insurance Agency to market FLDI's products and services to individual credit unions under a private labeled version of FirstClose(TM), FLDI's bundled services platform. FLDI also provides technical and vendor management to Members Insurance under the alliance. To date, 20 credit unions are utilizing MemberClose, Members Insurance Agency's name for the FLDI suite of products. The alliance will also enable the insurance agency to "streamline the home equity process and provide a cost-effective bundled technology solution to credit unions," said Robert Delaney, COO of Members Insurance Agency. FLDI can integrate with existing legacy and front-end origination systems and offers technology options that include credit reports, automated valuations, insured automated valuation model appraisals (AVMs), conventional appraisals, flood certifications, property reports, legal and vesting reports, mortgage loan reports and income verification. On Aug. 31, FLDI began providing flood determination services to 34 credit unions, through a partnership with Prime Alliance Solutions, Inc., a national provider of mortgage lending solutions to credit unions and credit union organizations.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.