MemberClose will be hosting a series of webinars in mid-November to inform credit union officials about their MemberClose Loan Guarantee Program (LGP). This program makes it possible for credit unions to make all kinds of home equity loans up to 100% loan to value (LTV) without exposure to additional risk.
Key features of the MemberClose LGP include:
- 100% LTV Lending with no additional risk
- Fixed, HELOC, Home Improvement, Purchase Money 2nd loans are all eligible
- Fixed/HELOC loans up to $175,000
- Minimum FICO scores of 660
- Aggregate Premium & Loss Pools
The webinars, which will explain the program in detail, will be offered on Thursday, November 15, at 10:00 a.m. and 2:00 p.m. as well as on Friday, November 16, at 10:00 a.m. and 2:00 p.m.
Please click here for more information or to register.