SOURCE: Mountain America Credit Union

Mountain America Credit Union

November 18, 2014 19:29 ET

Paperless Mortgages Earn Mountain America Credit Union a 2014 Green Lender Award

WEST JORDAN, UT--(Marketwired - Nov 18, 2014) - Mountain America Credit Union has been awarded the 2014 Mortgage Technology Green Lender Award for its QuickClose mortgage product. The Green Lender Award presented by Mortgage Technology magazine recognizes industry leaders who use technology to promote sustainable and environmentally conscious business practices.

Mountain America is acknowledged for substantially decreasing their environmental footprint by utilizing QuickClose, a completely paperless mortgage process. Becoming the first credit union to sign an electronic closing in 2011, they have continued their cutting-edge service in 2014 by becoming the first credit union in the nation to provide electronic closings of FHA loans.

"Beyond the impressive reduction of excessive paper waste, our QuickClose mortgages provide many additional benefits to our members," said Amy Moser, vice president of mortgages. "Because it is online and completely paperless, borrowers can check their status at any time, and they have the ability to review all of their documents from home. So we are not only saving toner and paper, but eliminating trips to the branch, which saves members time and the cost of travel while also reducing transit pollution."

Going paperless has helped Mountain America improve processing times, streamline workflow, and provides greater tracking for compliance. 

Through each step of the process, Mountain America's loan officers conscientiously look for ways to improve operations. As a result, at the end of each closing, Mountain America delivers to their borrowers a copy of all final, signed documents on a thumb drive and provides them free access to their online file in order to maintain the environmental friendliness of the comprehensive mortgage process. 

About Mountain America Credit Union
Mountain America Credit Union has more than $4 billion in assets and serves more than 488,000 members, wherever they are, through online and mobile banking, 70 plus branches in five states, and provides access to more than 30,000 ATMs and 5,000 shared-branching locations nationwide. With roots dating back to the 1930s, Mountain America offers a variety of financial products and services for consumers and businesses, including savings accounts, auto loans, checking accounts, mortgage loans, business checking, student loans, SBA loans and retirement options. Visit www.macu.com for more information.

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