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Contributed • April 17, 2022
HAMPDEN – CUSO Residence Lending, a licensed mortgage firm owned by credit score unions and The Maine Credit score Union League, has introduced that they’ve signed a contract with MaineStream Finance to handle the servicing of their present portfolio of loans and tackle servicing of any new loans they shut going ahead.
MaineStream Finance is a non-profit group that helps low- to moderate-income debtors.
HAMPDEN – CUSO Residence Lending, a licensed mortgage firm owned by credit score unions and The Maine Credit score Union League, has introduced that they’ve signed a contract with MaineStream Finance to handle the servicing of their present portfolio of loans and tackle servicing of any new loans they shut going ahead.
MaineStream Finance is a non-profit group that helps low- to moderate-income debtors. The corporate is devoted to financial growth by offering credit score, capital, and monetary companies which can be usually unavailable from conventional monetary establishments. Since 1999, MaineStream has served Maine owners, homebuyers, customers, and entrepreneurs in securing the recommendation and financing they should develop and thrive. Companies embrace lending, financial savings merchandise, courses, and one-on-one advisory help. They work carefully with federal and state businesses, foundations, and native monetary establishments, together with banks, to assist them meet Group Reinvestment Act objectives by way of monetary education schemes, mortgage capital, and volunteering alternatives for owners and small companies.
MaineStream Finance is a completely owned subsidiary of Penquis, which was established in 1967 as a non-profit 501(c)(3) group devoted to supporting Maine households in turning into wholesome, secure, linked, and financially safe. Penquis is Maine’s largest community-action company serving primarily low- and moderate-income people in Penobscot, Piscataquis, and Knox counties, with an excellent broader influence throughout all 16 Maine counties. Penquis packages give attention to 5 areas: inexpensive housing, financial safety, college readiness, dependable transportation, and wholesome lives. Penquis touches the lives of roughly 6,000 folks daily and greater than 30,000 every year.
Russell Cole, president and CEO of CUSO Residence Lending, famous, “We’re dedicated to making sure a top-tier stage of companies to MaineStream’s present prospects in addition to to new prospects going ahead. We’re proud to have supported and served communities throughout Maine for the previous almost three a long time and we sit up for serving to much more of our neighbors obtain the dream of residence possession within the years to return.”
“We’re enthusiastic about this transition,” defined Jason Chook, director of Housing Growth, Penquis, MaineStream Finance, a subsidiary of Penquis. “It permits our group to give attention to assembly the wants of our new residence and enterprise debtors, whereas being assured that our present purchasers are nicely cared for by CUSO’s proficient group and our dedication to customer support.”
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