United Community Mortgage Corporation has a new partnership. The company recently announced that it has been approved to join the line up of preferred mortgage lenders under the Costco Mortgage Services platform, which is operated and managed by [First Choice Bank]www.firstchoice-bank.com/.
UCMC, a subsidiary of PSM Holdings, Inc.]www.psmholdings.com/, will now be able to lend money to the 22.9 million households that currently hold memberships with [US Costco The low-cost retailing giant's mortgage division makes loan options available for all its members, and UCMC is only the tenth financial group added to Costco's team of lenders.
Tulsa, Oklahoma-based UCMC will officially begin offering mortgages through Costco Mortgage Services on December 1,
and PSMH said in a company statement that it expects a ""significant"" boost to the number of loans delivered by the subsidiary. UCMC's initiation of its deal with Costco will focus primarily on loans originated in Texas, New Mexico, and Missouri.
It's worth noting that many other states will eventually be included in the collaboration between the companies. However, no specific date has been set for UCMC's advance into additional regions via Costco Mortgage Services.
UCMC's president, Jeff Smith, spoke out about the new deal with Costco, saying, ""It is an honor to be associated with a company like Costco. Being selected, after extensive vetting, speaks to the 'world class' service we are able to provide our customers. We look forward to a long and mutually successful relationship.""
Other Costco partners include First Century Bank, N.A.]www.myfirstcenturybank.com/; [Wyndham Capital Mortgage]www.wyndhamcapital.com/; [Real Estate Mortgage Network, Inc.]www.remn.com/; [First Choice Loan Services, Inc.]www.fcbhomeloans.com/; [WestStar Mortgage, Inc.]www.weststarmortgage.com/; [Sterling Savings Bank's home loan division RMC Vanguard Mortgage Corp.]www.rmcv.com/; [CapWest Mortgage]www.capwestmortgage.com/; and [Bank of Internet USA, which is a division of Bofl Federal Bank]www.bofifederalbank.com/. PSMH utilizes its wholly owned subsidiary, [PrimeSource Mortgage, Inc., to provide mortgage brokerage and banking services throughout the United States. PSMI oversees the operations of over 30 branches nationwide, and the entity is licensed in numerous states.