Driving the formation of CUSO of Hawaii was the ability to enable other credit unions to provide their members with all inclusive mortgage services without the necessity of creating a mortgage department. We function as a full service mortgage loan origination and servicing department for you. Devoted exclusively to credit union members, and providing local service clearly is the best solution for your members. We offer:

Mortgage Origination Services - We will originate, process, and sell mortgages to the secondary market. CUSO of Hawaii can also originate and process mortgages for those credit unions that want to retain Portfolio type mortgage loans. CUSO of Hawaii is able to work with a credit union's own mortgage plan for more flexibility.

Benefits:

• None or limited staffing required for your credit union. CUSO of Hawaii provides the staff required for mortgage origination. Therefore, your staffing needs are reduced or eliminated.
• Increased loan production. Your loan portfolio is increase by CUSO of Hawaii's involvement.
• Credit Union is able to function as their member's "primary financial institution". As the "primary financial institution" your members will depend on your credit union for their financial needs

Mortgage Loan Servicing - CUSO of Hawaii can service your mortgage portfolio following the secondary market guidelines. CUSO of Hawaii will handle all escrow accounts, i.e., property taxes, homeowners insurance and mortgage insurance.

Benefits:

• Local servicing. Instead of calling the mainland, you are able to have the convenience of calling locally for your mortgage servicing needs.
• None or limited staffing required for your credit union. CUSO of Hawaii provides the staff required for mortgage servicing. Therefore, your staffing needs are reduced or eliminated.
• Lower fees. CUSO of Hawaii is an affordable alternative to processing mortgages in-house.

Loan Participation - Credit unions affiliated with CUSO of Hawaii would be able to enter into loan participation with other credit unions. All loans in participation are serviced by CUSO of Hawaii.

Benefits:

• Reduce financial risk for your credit union. With loan participation, your risk is "spread out", so the financial risks to your credit union are lessened.

Member confidence. Your members will think that your credit union is handling their mortgage loan. Loans that your credit union may have not been financially able to do is now possible. Increased loan production. Your loan portfolio is increased by CUSO
of Hawaii's participation

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