Fifty CUs Now Use Members Insurance Agency-FLDI Platform

AUSTIN, Texas – First Lenders Data Inc. (www.fldi.com) says 50 credit unions have now begun using MemberClose, a version of its Web-based bundled mortgage services offered by Members Insurance Agency LLC. Members Insurance Agency is based in Marlborough, Mass., and is owned by the credit union leagues of Massachusetts, New Hampshire and Rhode Island. It began offering FLDI’s services to credit unions in May 2004. The 50th credit union to sign on was $311 million Leominster CU in Leominster, Mass. MemberClose, the Member Insurance Agency-branded version of Austin-based FLDI’s FirstClose platform, integrates with the credit union’s origination platform to provide services that include credit report productions, flood zone determinations, automated valuation models and document preparations. “Using the platform, we are able to pick and choose the mortgage services that best fit our needs and help us provide a wider variety of cost-effective services to our members,” said Gordon Edmonds, senior vice president of lending at Leominster CU (www.leominstercu.com). Robert F. Delaney, COO of Members Insurance Agency (www.membersllc.com), said, “By creating a strategic alliance with FLDI, we are able to provide credit unions with a technology solution that streamlines the home equity lending process, saving them time and money.”