Prime Alliance Sees 34% Rise in Volume

Minneapolis-based Prime Alliance Solutions Inc., a partnership between technology vendor Dexma and Boeing Employees' Credit Union, has reported handling over 140,000 loans (about $25 billion in loan volume) last year, a 34% increase from the previous year's level.The Prime Alliance technology system now extends to more than 1,300 credit unions that are part of the Prime Alliance consortium. According to the Fannie Mae Mortgage Focus 2005 study, the average cost per closed loan among low-cost/high-productivity credit unions within Prime Alliance stood at $469 -- nearly one-third the average origination cost ($1,206) in other retail credit unions and less than one-fifth of the average cost ($2,703) in the typical retail lender. Dexma can be found on the Web at http://www.dexma.com.