MSGCU Chooses Blend Mortgage, Income, Close,
and Home Equity Solutions
Blend, a leading provider of cloud banking services, announced
today that Michigan Schools and Government Credit Union (MSGCU) has
selected Blend to deliver an enhanced user experience for its
members. By selecting Blend for its Mortgage, Income, Close, and
Home Equity solutions, MSGCU aims to simplify and streamline the
application process, automate their lender workflows, and offer a
consistent digital experience across all lines of their consumer
real estate business.
“MSGCU continually evaluates the tools we use to serve our
members to ensure we are helping them reach their financial goals,
while being efficient and timely,” said Bryan Genovich, MSGCU Real
Estate Lending Director. “We determined there was an opportunity to
further automate and streamline our lending process to better
support our members, and Blend has been a valuable partner in
helping us improve the member experience and increase our completed
applications.”
Blend was able to deliver a smooth and efficient deployment in
under four weeks. By leveraging Blend's technology, MSGCU will be
able to automate their entire origination process with instant
verifications across assets, income, and employment. In addition,
Blend's mobile capabilities will enable MSGCU to enhance its
mobility and flexibility, empowering loan officers to perform tasks
seamlessly while on the go, from issuing pre-approvals letters to
running credit checks, input pricing, and AUS—all within the Blend
platform.
MSGCU anticipates an increase in operational efficiency with
Blend. By cutting down processing time and reducing manual
workloads, loan teams will be freed up to focus on what matters
most - their members. According to a 2023 impact analysis conducted
by MarketWise Advisors, Blend’s Mortgage Suite eliminates an
average of 8 days from the overall loan cycle time from processing
to closing.
"We are thrilled to partner with Michigan Schools and Government
Credit Union to transform their mortgage and home equity lending
processes," said Erik Wrobel, head of product at Blend. "We look
forward to helping MSGCU streamline their operations, enhance
member experiences, and drive sustainable growth. Together, we are
committed to delivering exceptional value to their members and
ensuring success in today's rapidly evolving digital
landscape."
To learn more about Blend’s digital lending solutions, please
visit www.blend.com.
About Blend
Blend is the infrastructure powering the future of banking.
Financial providers— from large banks, fintechs, and credit unions
to community and independent mortgage banks—use Blend’s platform to
transform banking experiences for their customers. Blend powers
billions of dollars in financial transactions every day. To learn
more, visit blend.com.
About Michigan Schools & Government Credit Union
Founded by a small group of educators, MSGCU has been providing
quality financial services to the communities they serve for 70
years and welcomes everyone in Michigan to bank with them. MSGCU
offers a full range of loan, deposit, checking, credit card,
mortgage, and insurance products for those that live in Michigan.
With 22 branch offices in Macomb, Oakland, Washtenaw, and Wayne
Counties, MSGCU has more than 145,000 members, $3.6 billion in
assets, and has earned a 97% member satisfaction rating for more
than 20 years. MSGCU has also earned five stars (the highest
rating) from Bauer Financial for more than 30 years, and has been
honored as a Top Workplace by the Detroit Free Press for the past
11 consecutive years. MSGCU is insured by NCUA and an equal housing
lender. Visit msgcu.org for more information.
Forward-Looking Disclaimer
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements generally relate to future events, future
performance or expectations and involve substantial risks and
uncertainties. Forward-looking statements in this press release may
include, but are not limited to, our expectations regarding our
product roadmap, future products/features, the timing of new
product/feature introductions, market size and growth
opportunities, macroeconomics and industry conditions, capital
expenditures, plans for future operations, competitive position,
technological capabilities and strategic relationships, as well as
assumptions relating to the foregoing. The forward-looking
statements contained in this press release are subject to risks and
uncertainties that could cause actual outcomes to differ materially
from the outcomes predicted. In some cases, you can identify
forward-looking statements by terminology such as “may,” “will,”
“should,” “expect,” “plan,” “anticipate,” “could,” “would,”
“intend,” “target,” “project,” “contemplate,” “believe,”
“estimate,” “predict,” “potential” or “continue” or the negative of
these terms or other comparable terminology that concern Blend’s
expectations, strategy, plans or intentions. You should not put
undue reliance on any forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by which such performance or results will be achieved,
if at all. Further information on these risks and uncertainties are
set forth in our filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are based on information available to Blend and assumptions and
beliefs as of the date hereof. New risks and uncertainties emerge
from time to time, and it is not possible for us to predict all
risks and uncertainties that could have an impact on the
forward-looking statements contained in this press release. Except
as required by law, Blend does not undertake any obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416711408/en/
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