The $8.4 billion, 274,000-member Alliant Credit Union in Chicago will be using the LenderLive Network Inc. of Denver for its mortgage services, the credit union and company said.
Alliant will use LenderLive for retail loan fulfillment – including processing, underwriting and closing – as well as the company's eOriginator platform in its retail origination and correspondent loan delivery systems.
The company and credit union said that will allow loan officers to take loan applications and its correspondent lenders to upload loans directly to Alliant for LenderLive to perform an underwriting review.
“Community-based lending is vital to the financial industry's future, and credit unions continue to emerge as valuable mortgage market players,” said Rick Seehausen, CEO of LenderLive.
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