neighborhood mortgage solutions
A Credit Union Service Organization (CUSO) providing Mortgage services to fellow Credit Unions.
WHO WE ARE
NMS is a Fannie Mae mortgage only shop. We are seller/servicer approved with Fannie Mae and USDA-Rural Development and we are an approved Freddie Mac loan servicer. We use the web based and paperless Accenture Mortgage Cadence Loan Origination System. We are a credit union owned mortgage CUSO.
NMS can help your credit union offer a competitive mortgage product to your members with a competitive interest rate and low closing costs. In return your credit union will earn income from the sale and servicing of the members loan.
What We Offer
NMS offers fixed rate and adjustable rate mortgage loans.
Term of mortgage ranges from
10 year to 30 years.
We offer PMI, Private Mortgage Insurance, for those with less than
We offer Home Equity Lines of Credit and Home Equity Loans.
We offer construction loans.
We offer the Rural Development loan with zero down.
Your member will work with your credit union loan officer and Neighborhood Mortgage Solutions personnel from application thru processing, thru underwriting, thru closing, thru servicing and thru loan payoff. The member will have the ability to make their monthly mortgage payment at your credit union teller window. Once the loan is sold to Fannie Mae, we do not sell the loan to another investor. We service the loan for the life of the term of the loan.