Warming Up to Subservicing Opportunities
As a new year gets under way, one thing is abundantly clear for credit unions – the 2023 mortgage climate has moved to winter rather quickly, and chilly days lie straight ahead.
A year ago, credit unions were pulling out all the stops to help members buying homes, lowering mortgage payments or requesting forbearance plans. Today, they’re focusing on keeping costs down while still somehow providing the type of personalized service that has made them an unrivaled option for home financing.
It’s probably why more credit unions are now contemplating subservicing partnerships, among other reasons. And yet, the challenge remains – how can you marginalize costs while ensuring that your members are getting their financial needs met?
Understanding the...
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