Program features

Your credit union can be a full-service mortgage lender while limiting risk, expense, and start-up time. As an Alaska USA correspondent, you will be supported by the Mortgage Production Group, your behind-the-scenes mortgage operation providing the right solutions for every step of the process.

Convenience for your members

Online application - Alaska USA's online application technology is linked to your web site, making it easy for your member to apply. They will be able to view and print disclosures, obtain customized rate quotes, request assistance, and access helpful mortgage resources and calculators. The system is private label and customizable to your credit unions color and logo, making mortgage lending a seamless value-added offering from your credit union.

Systems integration - All loan information can be transferred electronically through the online application system to the Mortgage Production Group. Your member will receive requests for information, updates, and notifications throughout the application process, and your credit union will have access to the Mortgage Production Group's online loan status information.

Your credit union can be a full-service mortgage lender while limiting risk, expense, and start-up time

Point-of-sale support - Mortgage Production Group experts will provide accurate, timely, and professional support to your member to ensure the successful processing of each mortgage application. Whenever additional assistance is needed, your front-line service representatives can call the Alaska USA support team toll free.

Compelling mortgage offerings

Product selection - Alaska USA offers a full range of mortgage programs and products with competitive pricing so your members will find the right fit. Borrowers will benefit from volume discounts whether they choose a standard product or a specialty or niche product, which allows more choices and qualifying options.

Rates and options - Your members will appreciate the competitive rates and flexible options you can offer. Alaska USA produces volume through its own retail production and loan aggregation, and is able to negotiate favorable pricing with investors to bring you some of the best rates in the market. Alaska USA has also negotiated reduced pricing for third-party services such as credit, title, appraisal, and flood determination, and this savings is passed on to your member.

All-inclusive pricing - Alaska USA's price is your credit union's price, a savings you can pass on to your member. Rates are published every business day and include a range of rates for each mortgage product offered. Behind the scenes, our lock desk representatives will manage and maintain your member's rate commitment and answer even the most difficult interest rate questions. If you want to charge a loan fee, we can tailor your online application system to collect a one-half or one percent loan origination fee.

Centralized lock services - Alaska USA maintains agreements with multiple secondary market investors. Your credit union will have access to a variety of mortgage products to address the borrowing needs of every qualified member, eliminating the need to execute separate broker agreements or negotiate commitment contracts with secondary market investors.

Best effort commitments - When your member is ready to lock in a rate, Alaska USA will guarantee the interest rate over the life of the commitment. If the loan does not close as expected, extensions or modifications are available for a fee.

Program benefits to your credit union

Compliance - Keeping up with rules and regulations won't slow you down or keep you up at night. Alaska USA and the Mortgage Production Group operate in compliance with all state and federal laws and meet NCUA mortgage lending regulations so you can be sure that your mortgage lending process is compliant.

Productivity Reports - Monthly and yearly productivity reports give you the opportunity to track your volume and determine the profitability of your mortgage program.