Dexma, Prime Alliance Form New Entity

Dexma and Prime Alliance Solutions have announced the creation of Prime Alliance Services Co., citing an effort to deliver loan fulfillment coordinated with other mortgage services.Prime Alliance is a partnership between Boeing Employees' Credit Union and Dexma that originates roughly $2 billion in loan volume a month -- about the same volume as a top-15 retail lender -- for affiliated credit unions. By guaranteeing volume for a preferred network of service providers such as credit, appraisal, flood, and title companies, Prime Alliance Services offers to negotiate favorable rates and bundle services on behalf of affiliated credit unions, creating savings the CUs can pass along to their members. The companies said the new entity has already negotiated contracts with several providers, including First Lenders Data and Automated Collateral Solutions. Minneapolis-based Dexma can be found on the Web at http://www.dexma.com.