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NACUSO Marketplace Provider

Organization Name: 7 Mortgage
NACUSO Membership: Standard
Year Formed: 2003
Description of Your Services: Tailored mortgage solutions offered in an a la carte model. Credit unions can select the services needed from contract origination, processing, underwriting, closing, LOS administration, HMDA reporting, and compliance. Loans can be booked to the credit union's balance sheet for asset growth or sold to the secondary market to generate non-interest income. Licensed in Tennessee, Alabama, Georgia, Florida, Kentucky, Mississippi, and Virginia.
Services You Provide:
Mortgage Lending:Underwriting Mortgage LoansServicing Mortgage LoansSecondary Market Sales of Mortgage LoansConsulting on Mortgage LendingTitle Agency/Escrow/Settlement ServicesSoftware for Consumer Mortgage Lending
Why should a credit union use your services?: Small and nimble boutique type mortgage CUSO founded to help credit unions of all sizes compete and thrive in the mortgage market. With 7 Mortgage, a credit union can have an entire mortgage department with zero overhead. 100% credit union owned and 100% staffed with credit union people.
Number of Credit Union Customers: 29
Percentage of Users/Customers that are Credit Unions: 100
Are You a CUSO?: Yes
Are there investment opportunities for credit unions?: Yes
Describe Your Business Model:Fee for services.Cost containment through economies of scale.
Are you currently seeking additional users/customers?: Yes
Do you offer discounts or other benefits for NACUSO Members?: No
Contact Information:Wendy RobinsonPresident2077 Town Center Blvd.
Suite 303
Knoxville, TN 37922
Chris Boler7, LLC - President & CEO2077 Town Center Blvd.
Suite 303
Knoxville, TN 37922
Additional Information:

Actively seeking investment from like minded CUSOs and credit unions.

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