CUSO Home Lending signs contract with MaineStream Finance
HAMPDEN – CUSO House Lending, a accredited property finance loan organization owned by credit score unions and The Maine Credit Union League, has declared that they have signed a contract with MaineStream Finance to take care of the servicing of their existing portfolio of financial loans and choose on servicing of any new loans they near going ahead.
MaineStream Finance is a non-revenue business that assists low- to reasonable-income debtors. The business is focused to financial enhancement by giving credit, money, and economical products and services that are typically unavailable from common monetary establishments. Considering that 1999, MaineStream has served Maine house owners, homebuyers, consumers, and business owners in securing the guidance and funding they need to grow and prosper. Services incorporate lending, personal savings merchandise, courses, and 1-on-one advisory assist. They function closely with federal and state agencies, foundations, and nearby economical institutions, including banking institutions, to help them satisfy Local community Reinvestment Act ambitions via financial training systems, mortgage money, and volunteering possibilities for house owners and small enterprises.
MaineStream Finance is a wholly owned subsidiary of Penquis, which was established in 1967 as a non-revenue 501(c)(3) group focused to supporting Maine family members in turning into healthful, safe and sound, linked, and monetarily secure. Penquis is Maine’s most significant community-motion agency serving primarily reduced- and average-income men and women in Penobscot, Piscataquis, and Knox counties, with an even broader affect across all 16 Maine counties. Penquis courses emphasis on five regions: affordable housing, financial stability, university readiness, dependable transportation, and balanced lives. Penquis touches the lives of around 6,000 men and women each day and more than 30,000 every single 12 months.
Russell Cole, president and CEO of CUSO House Lending, famous, “We are fully commited to making certain a top rated-tier level of services to MaineStream’s current shoppers as effectively as to new consumers heading ahead. We are very pleased to have supported and served communities throughout Maine for the earlier nearly 3 decades and we seem ahead to encouraging even additional of our neighbors reach the desire of home possession in the a long time to arrive.”
“We are psyched about this transition,” spelled out Jason Chook, director of Housing Development, Penquis, MaineStream Finance, a subsidiary of Penquis. “It makes it possible for our workforce to target on meeting the requirements of our new property and business debtors, although remaining confident that our existing shoppers are very well cared for by CUSO’s proficient team and our commitment to purchaser assistance.”