The Aimbridge Group, a Denver-based provider of financial products to credit unions, has announced an agreement with Loans at Wholesale that creates a new mortgage division, Aimbridge Home Loan.Aimbridge said credit unions that select Aimbridge Home Loan will be linked to the Aimbridge mortgage website via their own websites and will be able to offer their members two pricing options. The first allows the credit union to price a loan without a 1% origination fee, and the second reflects the credit union's internal mortgage pricing, Aimbridge said. "The mortgage industry has become cluttered with large retailers and small brokerages that don't seem willing or able to shed expenses by embracing technology that will allow them to offer improved pricing and cleaner service to customers," said Keith Brown, president of Aimbridge Home Loan. ".... It is our goal to provide credit union members with an easily navigable environment where they can quickly find reliable, relevant information, flexible loan analysis functions, and compelling savings compared to other mortgage sources." Aimbridge can be found online at http://www.aimbridge.com.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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