HomeNational NewsCUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage...

CUSO Home Lending rolls out Dark Matter’s Empower LOS to support mortgage and home equity products

Published on

spot_img

Empower's new joint-venture feature lets credit unions customize their members' mortgage experience while benefiting from a shared services model

JACKSONVILLE, Fla., Nov. 16, 2023 (SEND2PRESS NEWSWIRE) — CUSO Home Lending has made Empower LOS, a cloud-based loan origination system from Dark Matter Technologies (Dark Matter), available to its credit union owners. CUSO Home Lending is the first credit union service organization to leverage Empower’s newly developed joint-venture feature, which allows credit unions to offer individualized branding, products and pricing while taking advantage of the efficiency and cost savings of their CUSO’s shared services model. Four of its owner credit unions will use Empower to originate mortgage loans.

Dark Matter Technologies
Image Caption: Dark Matter Technologies.

“The shared services model is alive and well in the credit union space because it’s a smart strategy for maximizing efficiency, cost savings and scalability — the very same benefits Dark Matter’s Empower delivers for lenders of all kinds,” said Dark Matter CEO Rich Gagliano. “We are proud to introduce expanded support for joint ventures that frees credit unions to offer customized member experiences while reaping all the benefits of the CUSO model. CUSO Home Lending is driving innovation as the first CUSO to implement this new feature set.”

Headquartered in Hampden, Maine, CUSO Home Lending is a credit union service organization and licensed mortgage company owned by credit unions and the Maine Credit Union League. For 30 years, CUSO Home Lending has supported its owner credit unions and the communities they serve with cost-effective access to mortgage fulfillment services, loan servicing and origination technology.

“Technology has become a central focus of our business strategy because of the value it drives for our credit union owners and partners, and the superior mortgage experience it enables us to deliver to consumers,” said CUSO Home Lending President and CEO Lori Michaud. “We evaluated a lot of potential origination technologies, and Dark Matter’s Empower LOS stood out for its highly advanced automation, the knowledge of its staff and its ability to individualize our credit unions’ sites with their own branding, products and pricing.”

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com/

About CUSO Home Lending:

CUSO Home Lending is a licensed mortgage company owned by Maine credit unions. We have been originating and servicing mortgages since 1993. Our mission is to provide consumer—credit union members as well as non-members—with a full menu of competitively priced residential mortgage products and services with extraordinary courtesy and exceptional service. CUSO strives to provide a variety of loan programs for both low-income and first-time homebuyers, as well as for moderate- to higher income borrowers. For more information, visit https://www.cusohl.com/

MULTIMEDIA:

LOGO Link for media: https://www.Send2Press.com/300dpi/23-0915-s2p-dark-matter-300dpi.jpg

NEWS SOURCE: Dark Matter Technologies


This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/cuso-home-lending-rolls-out-dark-matters-empower-los-to-support-mortgage-and-home-equity-products/

Copr. © 2023 Send2Press® Newswire, a service of NEOTROPE®, Calif., USA. -- REF: S2P STORY ID: 101739NOREL-2

 

Latest articles

January 2024 Remains Steady with 66 New Food and Beverage Industry Planned Projects

JACKSONVILLE BEACH, Fla., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- SalesLeads announced today the January 2024 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 66 new projects in the Food and Beverage sector as compared to 67 in December 2023.

The Best Samsung FRP Bypass Tool Download for PC from Tenorshare

NEW YORK, N.Y., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- In various scenarios, the need for a Samsung FRP Bypass Tool becomes evident, says Tenorshare. Forgetting Google account credentials or encountering a lack of information when dealing with a pre-owned Samsung device are common situations. Additionally, after performing a factory reset and experiencing software issues, the Factory Reset Protection (FRP) lock may activate.

Mopec Partners with the Michigan Association of Medical Examiners to Provide Free PPE to Multiple Counties Across Michigan

MADISON HEIGHTS, Mich., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- Mopec, a leading manufacturer of anatomic pathology equipment and products, has partnered with the Michigan Association of Medical Examiners (MAME) to distribute vital personal protection equipment to multiple counties across Michigan, offering a lifeline to medical examiners at the frontline of public health.

Dive into a Healthier Spring: The Philadelphia Protestant Home (PPH) Offers Free Trial of Wellness & Aquatics Center

PHILADELPHIA, Pa., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- The Philadelphia Protestant Home (PPH), a fun, diverse and uniquely urban senior living community in Philadelphia, is excited to announce a special promotional offer for its Wellness & Aquatics Center program. During the month of March 2024, new participants 62 and older can enjoy a free trial of the program, letting people experience all of the benefits of both aquatic and traditional exercise while also enjoying a sense of community among peers.

More like this

January 2024 Remains Steady with 66 New Food and Beverage Industry Planned Projects

JACKSONVILLE BEACH, Fla., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- SalesLeads announced today the January 2024 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 66 new projects in the Food and Beverage sector as compared to 67 in December 2023.

The Best Samsung FRP Bypass Tool Download for PC from Tenorshare

NEW YORK, N.Y., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- In various scenarios, the need for a Samsung FRP Bypass Tool becomes evident, says Tenorshare. Forgetting Google account credentials or encountering a lack of information when dealing with a pre-owned Samsung device are common situations. Additionally, after performing a factory reset and experiencing software issues, the Factory Reset Protection (FRP) lock may activate.

Mopec Partners with the Michigan Association of Medical Examiners to Provide Free PPE to Multiple Counties Across Michigan

MADISON HEIGHTS, Mich., Feb. 22, 2024 (SEND2PRESS NEWSWIRE) -- Mopec, a leading manufacturer of anatomic pathology equipment and products, has partnered with the Michigan Association of Medical Examiners (MAME) to distribute vital personal protection equipment to multiple counties across Michigan, offering a lifeline to medical examiners at the frontline of public health.