MSGCU Selects Blended Mortgage, Income, Closing, and Home Equity Solutions
San Francisco, April 16, 2024–(BUSINESS WIRE)–Blend, a leading provider of cloud banking services, today announced that Michigan School Government Credit Union (MSGCU) has selected Blend to provide an enhanced user experience for its members . By choosing His Blend for its mortgage, income, closing, and home equity solutions, MSGCU simplifies and streamlines the application process, automates lender workflows, and helps all areas of the consumer real estate business. We aim to provide a consistent digital experience.
“MSGCU continually evaluates the tools we use to serve our members to help them meet their financial goals in an efficient and timely manner,” said Brian Genovich, MSGCU Real Estate Lending Director. We are making sure that this is the case.” “We identified an opportunity to further automate and streamline the lending process to better support our members. Blend is a valuable partner in helping us improve the member experience and increase completed applications.”
Blend delivered a smooth and efficient implementation within four weeks. Leveraging Blend's technology, MSGCU will be able to instantly verify assets, income, and employment and automate the entire origination process. Additionally, Blend's mobile capabilities enhance MSGCU's mobility and flexibility, allowing loan officers to seamlessly perform everything from issuing pre-approval letters to credit checks, pricing, and AUSs on the go, all within his Blend platform. You will now be able to perform tasks. .
MSGCU expects Blend to improve operational efficiency. By reducing processing times and reducing manual workloads, your lending team is freed up to focus on what matters most: your members. According to a 2023 impact analysis conducted by MarketWise Advisors, Blend's Mortgage Suite reduced the entire loan cycle time from processing to closing by an average of eight days.
“We are excited to partner with Michigan Schools and Government Credit Unions to transform the mortgage and home equity lending process,” said Eric Lobel, head of product at Blend. “We look forward to helping MSGCU streamline operations, improve the member experience, and drive sustainable growth. Together, we will deliver exceptional value to our members and deliver on today's We are committed to ensuring success in this rapidly evolving digital environment.”
For more information about Blend's digital lending solutions, please visit www.blend.com.
About blends
Blend is the infrastructure that powers the future of banking. From major banks, fintechs, and credit unions to community banks and independent mortgage banks, financial providers are using Blend's platform to transform their customers' banking experience. Blend powers billions of dollars in everyday financial transactions. For more information, visit blend.com.
About Michigan School and Government Credit Unions
Founded by a small group of educators, MSGCU has been providing quality financial services to our communities for 70 years, and we welcome banking to all Michiganders. MSGCU provides a full range of loans, savings, checking, credit cards, mortgages and insurance products to people living in Michigan. With 22 branches in Macomb, Oakland, Washnow and Wayne counties, MSGCU has 145,000 members, more than $3.6 billion in assets, and a 97% member satisfaction rating for more than 20 years. . MSGCU has also earned a 5-star rating (the highest rating) from Bauer Financial for over 30 years and has been recognized as a Top Workplace by U.S. government agencies. detroit free press For the past 11 years in a row. MSGCU is insured by his NCUA and comparable housing finance institutions. For more information, visit msgcu.org.
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