“We need loans.” It’s the common plea among credit unions, with no other details except that loans are needed from anyone that can fog a mirror. Your margin is down by competing on rate against other financial institutions, and loyalty is almost nonexistent because once you get that loan, you’re moving in for the next kill.But what if you could drive up loan yield AND gain loyalty, without having to promise your firstborn for a little extra padding in your marketing budget? Start with this question:What group in my community isn’t being properly served by a financial institution?The first answer may be the underbanked. It’s a noble option, and one you should certainly consider. However if your credit union is risk adverse, there are other niches you can carve out. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » With mortgage rates at historic lows, many credit unions are seeing an increase in mortgage application volume and credit unions are looking for ways to speed up their processing times. Some credit unions attempt to decrease their mortgage turn times by going digital, as discussed in a blogs regarding online applications and electronic signatures. Other credit unions try to make the process easier by determining which of the many disclosures must be signed, and if those signatures must be obtained upfront or can be done throughout the process or at the signing table.Many of the mortgage disclosures provided to the member do not have a federal regulatory requirement for a signature. Rather, the regulations require that the credit union provide the disclosure, so in many cases it may be sufficient for the credit union to have procedures and documentation showing that the disclosure was sent. Even if there is no regulatory requirement for a signature, there could be secondary market considerations (such as if the credit union sells loans to Fannie Mae/Freddie Mac or other purchasers) as well as possible state law requirements.Borrower’s Verification Authorization None, because this is not a federally required disclosure. However, this disclosure may fulfill a third-party’s requirement to have signed consent to share information with the credit union.
Press Association Sherwood’s mixed emotions towards the 19-year-old academy product stem from the fact that he has been making back-page and front-page headlines in recent months. Grealish shone at Wembley in April as he helped Villa defeat Liverpool to reach their first FA Cup final in 15 years. But just a few days afterwards he was photographed inhaling the popular legal high nitrous oxide on a night out. Aston Villa boss Tim Sherwood has revealed his love-hate relationship with teenage winger Jack Grealish. He was on the wrong side of his manager again during the summer when more pictures emerged of him face down in the street while on holiday in Tenerife. Grealish is in contention to make his first appearance of the season against Crystal Palace at Selhurst Park on Saturday after missing the start of the campaign with a hamstring injury. And Sherwood insists he will welcome the youngster back with open arms because he is a rare talent. “I will back him 100 per cent, he is such a talented boy,” said Sherwood. “I love him to death and I hate him at the same time! I want to nurture him to fulfil his full potential. “He did annoy me in the summer, but he annoyed himself. Hopefully the penny has dropped with him. “Young kids make mistakes. But they come through it. He is a one-off – and he is a one-off on the pitch. He has come through it and we need to move on now.” Grealish made a goalscoring return from his injury for the under-21 team this week and is likely to go straight into the starting line-up against Palace. Carles Gil also played in that game against Derby on Monday and he too comes into the reckoning after an ankle problem. Villa have beaten Bournemouth and lost to Manchester United so far this season in the Barclays Premier League and Sherwood believes the return of Grealish and Gil could provide the creative spark that has been missing. “That is what we need, we need Jack and Carles,” said Sherwood. “It is unfortunate that two of the most creative players in the side have been injured at the same time. Now they are getting back to fitness, it will change us going forward. “I think they could play together. If anyone watched them play for the under-21s, you can see they suit each other’s game. They pass the ball to each other and they enjoy each other’s company. “They are very offensive players with a good technical ability so they can take us forward.” Sherwood admits his young side will face a tough test at Selhurst Park against a vastly more experienced Palace team. He said: “They have got some very good players and Alan (Pardew) is a very good manager. “They are a side full of men. “They have pace on the counter-attack and we have to be ready for that. They bring teams on to them and spring on you with the pace of Zaha, Bolasie, Puncheon. “But we have to be ready for that and I want to show far more attacking threat than we did against Manchester United.” Although Grealish and Gil return to the reckoning, Jores Okore remains out with a knee injury and Jose Angel Crespo is still working his way back from a groin problem. New winger Adama Traore, who arrived last week in a £7million deal from Barcelona, could be included in the travelling party.