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CAP COM's Mortgage Subsidiary's Servicing Portfolio Exceeds $1 Billion

Friday, 01 April 2016 13:58
ALBANY — CAP COM Federal Credit Union has announced that the servicing portfolio of its mortgage division, Homeowners Advantage, has exceeded $1 billion.

CAP COM purchased the mortgage subsidiary in 2010 with the goal of reaching a portfolio of $500 million by 2015. Homeowners Advantage has doubled that goal and, according to a survey by Albany Business Review, had the largest percentage of growth in Capital Region residential mortgages during 2015.

According to Chief Mortgage Officer Chris McKenna, Homeowners Advantage saw a 94% increase in business from 2014 to 2015.

"We attribute this tremendous growth to a great group of employees that take the time to listen to our clients' short- and long-term goals. That means making sure that we match the member with the program that best fits their needs," McKenna said. "The mortgage business has become very complicated yet our philosophy remains simple; we always try to do what is in our client's best interest."

This Sunday, experts from CAP COM's mortgage subsidiary will host the Capital Region Homebuyers Expo from 1-4 p.m. at The Desmond Hotel. The event will feature expert advice on home buying, financing and down payment assistance as well as feature a variety of exhibitors including local real estate agents, home builders, contractors, attorneys and home inspectors. The Expo is free to attend and is ideal for first-time and seasoned homebuyers as well as renters.

CAP COM's Homeowners Advantage offers the same kind of top-rated service CAP COM is known for while maintaining the most competitive rates in the industry.

"We take applications locally, we process and decision the loans locally and we service the vast majority of the loans locally. We really are with our clients every step of the way," McKenna
said.

For more, information visit www.capcomfcu.org.

CAP COM Federal Credit Union is a member-owned financial institution based in the New York's Capital Region with more than $1 billion in asset and nine branch locations. The credit union is member-driven and focused on superior service, convenient products and competitive rates that help members save money and make life just a little easier. CAP COM offers all the products and services you'd find at a
typical financial institution. Visit www.capcomfcu.org to find out more. Federally insured by the National Credit Union Administration. Equal Housing Lender.
Mortgage products are offered by our Mortgage Team, Homeowners Advantage (HOA), which is a subsidiary of CAP COM FCU. HOA is a Licensed Mortgage Banker - NYS Dept. of Financial Services. HOA NMLS Identifier: 290363. Principal Address: 4 Winners Circle, Albany NY 12205. CAP COM FCU NMLS Identifier: 401261.