LENEXA, Kan. – Charlie Mac, a U.S. Central subsidiary that acts as a secondary market for credit union auto loans and mortgages, has debuted a new online system, ExpressLock. ExpressLock helps credit unions sell jumbo loans in a secure, online environment. "It's a way for credit unions to very easily and very efficiently lock loans with CharlieMac. Previously the process was a little more manual," said Brett Cooper, director of national accounts for CharlieMac. Credit unions can use ExpressLock to lock any jumbo loan available through CharlieMac, including fixed and adjustable-rate loans, interest-first, construction-to-permanent and super jumbos. Charlie Mac has 52 approved and signed sellers, and has bought more than $1.5 billion in loans.
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