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Overview | Program features | Mortgage options | Roles & responsibilities | Behind the scenes | Service model

Behind the scenes

With everything taken care of – from application to funding to sale – you don't really need to worry about what's going on behind the scenes when you choose Alaska USA correspondent mortgage lending services. Your member applications are processed quickly and efficiently, with no additional staffing on your part. Alaska USA does all the work while you strengthen the relationship with your member. If your member has a question about their mortgage application, your service representative can simply say, "Let me put you in touch with our Mortgage Production Group." You can also monitor member loan status online anytime.

Here's a look at the people working to make you look good:

Member-focused management team

With years of mortgage experience, primarily in the credit union industry, our management team is dedicated to bringing your credit union service, value, and convenience by assisting you in providing quality home financing to your members.

Your Mortgage Production Group liaison

Your credit union will have a dedicated mortgage professional to support you during the initial set-up stages and to work with you to ensure a seamless integration with the Mortgage Production Group.

We do all the work while you strengthen the relationship with your member.

Underwriting

The Mortgage Production Group has in-depth knowledge of loan programs, credit qualification requirements, and collateral. Mortgage applications are reviewed by experienced underwriters who perform automated and manual reviews. The Mortgage Production Group will communicate directly with your borrower on your behalf upon loan approval and will work with them to satisfy loan conditions before closing. Underwriters can play a key role in the process by directing your members to options that will increase the likelihood of loan approval and long-term satisfaction with their chosen program.

Third-party vendors

Volume pricing benefits for third-party services are passed on to your members when you use Alaska USA for correspondent mortgage lending services. We have teamed with the best companies in the business to offer your members credit reports, flood determinations, automated underwriting, tax registrations, appraisals, title insurance, and settlement services.

Document preparation

The Mortgage Production Group prepares and electronically delivers closing documents to the designated closing agent and coordinates closing instructions, disbursement, and receipt of trailing documents. Properly prepared mortgage documents ensure both accuracy and efficiency, accelerating loan delivery.

Post closing and funding specialists

The Mortgage Production Group will fund the loan in your name using your warehouse line of credit and promptly coordinate the sale of the loan to Alaska USA. Final document copying and related delivery support, as well as file review, will be performed by the Mortgage Production Group. Additionally, data will be managed as necessary to support required HMDA and 1098 reporting, and data transfer to the Mortgage Electronic Registration System (MERS).