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Massachusetts, New Hampshire and Rhode Island CU League-Owned Agency Partners with First Lenders Data

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...

By Staff Writer | Updated on September 14, 2004

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.

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