This crazy market is yielding some phenomenally crazy opportunities within the credit union mortgage lending world. If you haven't read Callahan's splash page lately, there are some great new credit union lending articles of late: Callahan - 'Interest Income, Goodbye Low Rates, Hello Competition'
Two-year ARMs, five-year ARMs, ten-year ARMs, you name it, these credit union portfolio products are taking board members by surprise. Not only are they being encouraged by NCUA, they are a viable product for the future of your bottom-line. Don't count this market out, they're just getting started!
Their success within your current mortgage strategy, will be all-in-the-way you structure them. Of course, you'll need to structure them to fit the needs of your membership, but also to attract those potential members clamoring to learn about their local or employer's credit union. Make these products and their promotions fun, exciting and attractive!
Also, get involved within your community - make a local difference today!
Working Together!
At Your Service, On Your Side.
DB