Credit union home buy­ing pro­gram suc­cess­ful

Maryland Independent - - Business -

Mary­land-based Ed­u­ca­tional Sys­tems Fed­eral Credit Union has grown its mort­gage clo­sures by 25 per­cent with its HomeAd­van­tage pro­gram that stream­lines the home buy­ing process, ac­cord­ing to a press re­lease.

Within seven months of rolling out the pro­gram, the credit union had 109 in­ter­ested buy­ers re­ferred to a HomeAd­van­tage agent, of which 12 pur­chased a home and nine fi­nanced the mort­gage through the credit union.

“It’s about pro­vid­ing value-added real es­tate ser­vices to our mem­bers to cus­tom­ize their home buy­ing ex­pe­ri­ence and to go well beyond of­fer­ing com­pet­i­tive rates and prod­ucts,” Abe Palit, vice pres­i­dent of mar­ket­ing, said in a news re­lease. “Our goal is to help our mem­bers through­out the home buy­ing process, the du­ra­tion of which can vary from a cou­ple months to a cou­ple years, depend­ing on the mem­ber’s time ta­ble.”

The HomeAd­van­tage pro­gram of­fers mem­bers one-stop home buy­ing. Mem­bers can visit the web­site,­­van­tage, to search for homes, set up prop­erty alerts, con­nect with qual­i­fied lo­cal real es­tate agents and earn cash re­wards at clos­ing, an av­er­age of $1,530 in sav­ings per trans­ac­tion.

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