Build Your Program

With OwnersChoice, you can customize your mortgage program to fit your credit union’s individual needs. We offer several options based on how much of the mortgage process your credit union wants to control.

Level I

My credit union needs a mortgage program that will earn additional income while requiring minimal time and effort, but we don’t have the funds to hold loans

Our Level I program is perfect for you. With Level I, you’re responsible for only a few areas. OwnersChoice Funding takes care of everything else.

Credit Union Responsibility

  • Market mortgage lending program
  • Initiate contact between member and OwnersChoice Funding
  • Submit Online Consultation Request

OwnersChoice Responsibility

  • Consult with member
  • Originate mortgage application
  • Process the application
  • Underwrite the loan
  • Close the loan
  • Fund the loan
  • Provide loan servicing

Level II

My credit union can fund the loans, but we want OwnersChoice to take care of the rest.

Our Level II program will meet your needs. With Level II, you’re responsible for two things: marketing your mortgage program to your members and funding your loans. OwnersChoice will handle the rest.

Credit Union Responsibility

  • Market Mortgage Lending Program
  • Submit Online Consultation Request
  • Fund the Loan

OwnersChoice Responsibility

  • Consult with member
  • Originate mortgage application
  • Process the application
  • Underwrite the loan
  • Close the Loan
  • Provide Loan Servicing

Level III

My credit union wants to originate our own mortgage loans without worrying about any other back-office support. We want to be a full-service provider for our members, but we may not have the funds to hold the loans.

Our Level III program allows you to be the contact with your members when initiating the mortgage process. OwnersChoice will take care of the rest, including funding your loans if needed.

Credit Union Responsibility

  • Market mortgage lending program
  • Consult with member
  • Originate mortgage application

OwnersChoice Responsibility

  • Process the application
  • Underwrite the loan
  • Close the loan
  • Fund the loan
  • Provide loan servicing

Level IV

My credit union can fund the loans and handle up-front tasks like originating the applications. After that, we’d like OwnersChoice to step in.

Our Level IV program is perfect for you. With Level IV, you’re responsible for marketing your mortgage program and originating and funding your loans. OwnersChoice will process the applications and underwrite and close your loans.

Credit Union Responsibility

  • Market mortgage lending program
  • Consult with member
  • Originate mortgage application
  • Fund the loan

OwnersChoice Responsibility

  • Process the application
  • Underwrite the loan
  • Close the loan
  • Provide loan servicing

Level V

My credit union wants to handle most of the mortgage process, including originating, processing and funding the loans. We just need OwnersChoice to underwrite and close the loans.

Our Level V program is the right fit for you. In addition to providing servicing, OwnersChoice will underwrite and close your loans. Everything else is up to you.

Credit Union Responsibility

  • Market mortgage lending program
  • Consult with member
  • Originate mortgage application
  • Process the application
  • Fund the loan

OwnersChoice Responsibility

  • Underwrite the loan
  • Close the loan
  • Provide loan servicing

Level VI

We want to handle most of the mortgage process, including pricing our own loans. We need OwnersChoice to handle the servicing once our loans are closed.

Our Correspondent Level program is ideal for you. You’ll be responsible for almost all of the mortgage process, including marketing, origination, application processing, funding and closing. OwnersChoice will step in to provide underwriting and servicing on your loans.

Credit Union Responsibility

  • Market mortgage lending program
  • Consult with member
  • Originate mortgage application
  • Process the application
  • Fund the loan
  • Close the loan

OwnersChoice Responsibility

  • Underwrite the loan
  • Provide loan servicing