HAMPDEN – CUSO Property Lending, a certified home loan enterprise owned by credit rating unions and The Maine Credit Union League, has announced that they have signed a contract with MaineStream Finance to deal with the servicing of their existing portfolio of loans and acquire on servicing of any new financial loans they close going ahead.
MaineStream Finance is a non-income business that aids low- to moderate-income borrowers. The enterprise is focused to financial progress by providing credit rating, money, and money providers that are frequently unavailable from standard fiscal establishments. Considering that 1999, MaineStream has served Maine homeowners, homebuyers, consumers, and business owners in securing the suggestions and funding they need to develop and prosper. Expert services contain lending, savings products and solutions, classes, and just one-on-a person advisory guidance. They function closely with federal and point out companies, foundations, and nearby economical establishments, which includes financial institutions, to aid them meet up with Community Reinvestment Act plans by means of economic instruction systems, financial loan capital, and volunteering possibilities for householders and tiny businesses.
MaineStream Finance is a wholly owned subsidiary of Penquis, which was proven in 1967 as a non-profit 501(c)(3) group committed to supporting Maine people in turning out to be healthful, secure, related, and financially secure. Penquis is Maine’s most significant neighborhood-action company serving principally minimal- and moderate-income people today in Penobscot, Piscataquis, and Knox counties, with an even broader effects across all 16 Maine counties. Penquis applications focus on five parts: reasonably priced housing, economic security, school readiness, trustworthy transportation, and healthy lives. Penquis touches the lives of roughly 6,000 people today every single working day and far more than 30,000 every calendar year.
Russell Cole, president and CEO of CUSO Household Lending, observed, “We are fully commited to making certain a major-tier level of services to MaineStream’s existing shoppers as effectively as to new clients going ahead. We are happy to have supported and served communities across Maine for the earlier approximately 3 decades and we glimpse forward to assisting even more of our neighbors achieve the dream of property possession in the decades to occur.”
“We are energized about this changeover,” explained Jason Hen, director of Housing Improvement, Penquis, MaineStream Finance, a subsidiary of Penquis. “It makes it possible for our group to aim on conference the requirements of our new household and business enterprise debtors, when becoming assured that our current purchasers are properly cared for by CUSO’s gifted workforce and our dedication to shopper services.”