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ACUMA Adds New Partner with Equi-Trax

""The American Credit Union Mortgage Association"":www.acuma.org/ (ACUMA) has added a new member, with the incorporation of ""Equi-Trax Asset Solutions LP"":www.equi-trax.com/. Equi-Trax, a provider of borrower outreach programming and portfolio analytics, was recently accepted into the ACUMA, as part of the organization's continuing efforts to enhance its consumer assistance platforms.

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Equi-Trax attended the ACUMA's Fall conference, recently held in Las Vegas, and much of the commentary during the event focused on finding positive ways to target borrowers who might be likely to enter strategic defaults. The ACUMA is seeking to improve communication with distressed consumers through the one-on-one connection with clients that Equi-Trax can facilitate.

In a company statement, the ACUMA noted the importance of borrower management when it comes to avoiding growing

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numbers of strategic defaults. Additionally, the entity emphasized the critical nature of current broker price opinions when engaging in accurate, thorough assistance to consumers in need and their correlating lenders.

Greg Musso, national sales director for Equi-Trax, said of the ACUMA's concerns, ""Based on what I learned at the show, many credit unions face an impending problem of strategic defaults. Unfortunately, the problem cannot be avoided, and now is the time to create an effective strategy for handling strategic defaults to minimize the effect on the financial institution.""

Elaborating on his company's partnership with the ACUMA, Musso continued, ""I have been very impressed with the ACUMA team and the support the organization provides to credit unions on the mortgage side of their businesses. I just returned from the association's national conference, and I was very impressed with the quality of the speakers and the in-depth content that they presented to the attendees.""

Bob Dorsa, ACUMA's president, echoed Musso's sentiments, saying, ""We are proud to welcome Equi-Trax to our organization. We look forward to their participation and contribution to our trade group.""

California-based Equi-Trax boasts proprietary analytics, strong collateral valuations, and national appraisal coverage. The company is also known for offering ""door knock"" service for borrower outreach, which is considered among the most effective options available in today's mortgage marketplace
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About Author: Abby Gregory

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