Kinecta Federal Credit Union Opens Midwest Operations Center

Expansion of wholesale operation allows for faster servicing of the Midwest

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Feb 09, 2011, 01:19 ET

MANHATTAN BEACH, Calif., Feb. 9, 2011 /PRNewswire/ -- Kinecta Federal Credit Union has opened a Midwest Operations Center in Rosemont, Illinois this month as part of the credit union's expansion of its wholesale mortgage lending division.

The Manhattan Beach, California-based credit union has seen steady growth in its wholesale mortgage operation and to better serve its Midwest brokers, the new 20,000 sq. ft. operations center will provide complete loan processing, underwriting, and funding services along with customer service for mortgage brokers.

"In a challenging market, it is critical for us to provide exceptional service that meets the unique needs of our customers located in the central United States. This new center will do just that," said Paul Perez, Midwest Regional Loan Production Manager.

"We are fully staffed with mortgage professionals dedicated to this market, which makes it a win-win situation for Kinecta, our brokers and business partners," said Jim Wojton, Vice President Mortgage Lending Operations.

Currently operating in over 17 states across the nation, Kinecta Federal Credit Union is a direct lender providing a range of fixed and adjustable home loans for purchase or refinance. It offers attractive loan products through agency and portfolio lending, in addition to special loan programs offered in conjunction with leading mortgage insurance providers.

"Kinecta's wholesale mortgage lending division has been a fairly recent development and its positive results to date have added value to our asset base which benefits all of our credit union members," said Brian Robinett, Chief Credit Officer.

Kinecta Federal Credit Union is one of the nation's largest credit unions, with approximately $3.5 billion in assets and more than 220,000 members nationwide. Headquartered in Manhattan Beach, Calif., Kinecta offers its members a full range of financial products through the Credit Union and its subsidiaries, Kinecta Financial & Insurance Services, Apollo Insurance Services, and Kinecta Alternative Financial Solutions, dba Nix Check Cashing. Kinecta Federal Credit Union is a not-for-profit, financial cooperative that is solely owned by its members. For more information about Kinecta's Wholesale Mortgage Lending division, visit www.LoanKinection.com.

SOURCE Kinecta Federal Credit Union