News
April 7, 2016CAP COM Federal Credit Union’s Mortgage Subsidiary’s Servicing Portfolio Exceeds $1 Billion
CAP COM Federal Credit Union has announced that the servicing portfolio of its mortgage division, Homeowners Advantage, has exceeded $1 billion.
CAP COM purchased the mortgage subsidiary in 2010 with the goal of reaching a portfolio of $500 million by 2015. Homeowners Advantage has doubled that goal and, according to a survey by Albany Business Review, had the largest percentage of growth in Capital Region residential mortgages during 2015.
According to Chief Mortgage Officer Chris McKenna, Homeowners Advantage saw a 94% increase in business from 2014 to 2015.
“We attribute this tremendous growth to a great group of employees that take the time to listen to our clients’ short- and long-term goals. That means making sure that we match the member with the program that best fits their needs,” McKenna said. “The mortgage business has become very complicated yet our philosophy remains simple; we always try to do what is in our client’s best interest.”
This Sunday, experts from CAP COM’s mortgage subsidiary will host the Capital Region Homebuyers Expo from 1-4 p.m. at The Desmond Hotel. The event will feature expert advice on home buying, financing and down payment assistance as well as feature a variety of exhibitors including local real estate agents, home builders, contractors, attorneys and home inspectors. The Expo is free to attend and is ideal for first-time and seasoned homebuyers as well as renters.
CAP COM’s Homeowners Advantage offers the same kind of top-rated service CAP COM is known for while maintaining the most competitive rates in the industry.
“We take applications locally, we process and decision the loans locally and we service the vast majority of the loans locally. We really are with our clients every step of the way,” McKenna said.
