CUSO Home Lending signs contract with MaineStream Finance

Linda D. Klein

HAMPDEN – CUSO Dwelling Lending, a licensed mortgage company owned by credit unions and The Maine Credit Union League, has declared that they have signed a agreement with MaineStream Finance to handle the servicing of their current portfolio of financial loans and just take on servicing of any new loans they near going forward.

MaineStream Finance is a non-earnings firm that can help reduced- to average-revenue debtors.

HAMPDEN – CUSO Residence Lending, a licensed mortgage firm owned by credit history unions and The Maine Credit Union League, has announced that they have signed a deal with MaineStream Finance to manage the servicing of their latest portfolio of financial loans and choose on servicing of any new loans they near going forward.

MaineStream Finance is a non-earnings business that helps small- to average-earnings debtors. The organization is focused to financial improvement by offering credit rating, funds, and fiscal companies that are normally unavailable from regular economic institutions. Given that 1999, MaineStream has served Maine house owners, homebuyers, people, and business owners in securing the advice and funding they have to have to expand and prosper. Companies incorporate lending, discounts merchandise, classes, and one particular-on-one particular advisory aid. They operate intently with federal and state organizations, foundations, and neighborhood money institutions, which includes banks, to assist them satisfy Group Reinvestment Act ambitions by way of economic education and learning programs, loan cash, and volunteering chances for property owners and modest enterprises.

MaineStream Finance is a wholly owned subsidiary of Penquis, which was set up in 1967 as a non-revenue 501(c)(3) corporation dedicated to supporting Maine families in turning out to be wholesome, secure, linked, and financially protected. Penquis is Maine’s major community-action agency serving largely reduced- and reasonable-income men and women in Penobscot, Piscataquis, and Knox counties, with an even broader affect throughout all 16 Maine counties. Penquis packages focus on five places: cost-effective housing, financial security, school readiness, trustworthy transportation, and wholesome life. Penquis touches the life of about 6,000 people today just about every day and extra than 30,000 each individual year.

Russell Cole, president and CEO of CUSO Household Lending, pointed out, “We are fully commited to ensuring a top rated-tier degree of solutions to MaineStream’s existing customers as effectively as to new buyers likely forward. We are proud to have supported and served communities across Maine for the earlier practically 3 a long time and we seem forward to assisting even much more of our neighbors accomplish the desire of residence possession in the many years to appear.”  

“We are psyched about this transition,” spelled out Jason Fowl, director of Housing Enhancement, Penquis, MaineStream Finance, a subsidiary of Penquis. “It enables our team to target on conference the requires of our new dwelling and company borrowers, though getting assured that our current purchasers are effectively cared for by CUSO’s gifted workforce and our motivation to purchaser service.”

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