Tag: Mortgage

Alabama Credit Union Joins the 7 Mortgage Network

Posted on by BigWheel

Alabama Credit Union has executed a service agreement with 7 Mortgage to originate, process, underwrite and close secondary market mortgage loans.  Of the recent partnership, Vice President of Business Development, A.J. Holst said, “This opportunity is extremely exciting for our organization as Alabama Credit Union was seeking a solution to offer mortgages to their members outside of their footprint.  Our ability to originate in AL, FL, GA, KY, MS, TN and VA was a good fit with the added benefit of retained Fannie Mae servicing to create a wall of credit union influence around their members.  We appreciate the trust of the ACU team, President and CEO Steve Swofford, CLO Benson Bolling, Mortgage Lending Manager Sandra Jones and Senior Mortgage Officer Mike Ivey, to allow us to serve their credit union and members.”  Alabama Credit Union has been a partner of 7 Family of CUSOs since 2020 through 7 Insurance.  Special thanks to Alabama CU Services leadership Tommy Cobb and Joe Hardy for your continued business and support.

About 7 Mortgage: a mortgage CUSO subsidiary of 7, LLC and $3.2B Oak Ridge-based ORNL Federal Credit Union. Founded in 2003, 7 Mortgage currently serves 36 credit unions with business fulfillment to a full turn-key remote mortgage department solution.

About Alabama Credit Union: a $1.7B Tuscaloosa-based credit union serving the University of Alabama and almost 140,000 members since 1956.

New Location and New Faces for 7 Title

Posted on by BigWheel

7 Title has announced it will open its third location on Monday, April 17, 2023 in the Bearden area. The Knoxville-based title company, which specializes in the settlement of residential and commercial transactions, will be located at 5507 Kingston Pike. 

“7 Title is one of the largest and most reasonably-priced title companies in East Tennessee,” said Chris Outland, President of 7 Title. “Our main office is at Northshore Town Center and in 2021, we opened a location in Morristown. This new office in the Bearden community will offer even more convenience to our partners.”   

7 Title also announced two new hires to its staff. Whitney Lippert will serve as the 7 Title Office Manager at the Bearden location, while Anna Farley will join the company as the Business Development Executive.  Lippert has over 12 years of title experience serving in various roles, with the last few years spent as a senior closer for a local title company. During her time in the industry, she developed a great reputation of giving exceptional service while cultivating many relationships in the local real estate market. A veteran of the United States Army National Guard, Lippert obtained both her Bachelor of Business Administration and her Master of Business Administration degrees from King University in Knoxville with a focus on paralegal studies, business management, and human resource management.

New Location and New Faces for 7 Title

Farley has over 20 years’ of experience in the title and real estate sectors. Because of her extensive background in the industry, she is in a unique position to share new ideas and programs from her previous successes. Farley is new to the East Tennessee area, moving from California with her family in late 2022. She studied at Fresno City College and previously held licenses in real estate and title marketing in California.

New Location and New Faces for 7 Title

7 Title has served the Knoxville and surrounding area for over 20 years with a focus on low fees, exceptional service, and being mobile for the convenience of its clients. For more information, please visit 7.coop/title.

 

Media Contact:

Chris Outland

coutland@7.coop

t: 865.560.7478

 

7 Mortgage Welcomes New Investor

Posted on by BigWheel
7 Mortgage Welcomes New Investor

Consumer Credit Union (CCU) has finalized an investment in CU Community, LLC, dba 7 Mortgage, a credit union service organization (CUSO) based in Knoxville, TN. The investment from the credit union will make the organization a minority owner in 7 Mortgage. 7, LLC, the wholly owned holding company of ORNL Federal Credit Union, will remain majority owner.CCU, based in Greeneville, TN, has been a client of 7 Mortgage since 2007, joining as one of the first partner credit unions of the CUSO. Established in 2003, 7 Mortgage is licensed in seven states and provides mortgage services to its partner credit unions, with a goal of helping credit unions like CCU become full service providers to their members.

“Consumer Credit Union has been one of the longest tenured clients of 7 Mortgage and we are thrilled to have them now join us as owners to further the mission of helping credit unions deliver much needed mortgage services to credit union members throughout the Southeast,” said Wendy Robinson, President of 7 Mortgage.

Stephen Cutshall, SVP & Chief Mortgage Officer of CCU, will join the Board of Managers of 7 Mortgage.  “7 Mortgage provides services that allow Consumer Credit Union to become more efficient in its lending process through scale. In a business where relationships matter, we are pleased in partnering with 7 Mortgage. As owners, we look forward to the continued success together with them,” said Cutshall.

About Consumer Credit Union

Consumer Credit Union is a non-profit, cooperative savings and lending organization chartered by the Tennessee Secretary of State in February 1953. With over $555 Million in assets, Consumer Credit Union serves 36,000 members who live, worship, volunteer, attend school in, or work for a business located in Anderson, Blount, Claiborne, Cocke, Greene, Hancock, Hamblen, Jefferson, Knox, Loudon, Sullivan, Union, and Johnson City, Tennessee. www.consumercreditunion.com

About CU Community, LLC dba 7 Mortgage

CU Community, LLC dba 7 Mortgage is a credit union service organization established in 2003 by ORNL Federal Credit Union with the fundamental purpose of developing an outstanding platform of mortgage services for the credit union industry. 7 Mortgage is licensed in Alabama, Georgia, Kentucky, Mississippi, Tennessee, Virginia, and Florida. Rooted in the seven cooperative principles, 7 Mortgage is made of experienced credit union people with the passion, insight, and skills to help credit unions and their members thrive. www.7.coop