Credit Unions have the First Right Of Refusal on every loan. (FROR)
If you wish to portfolio the loan, the loan is yours no questions asked. CU Lending will coordinate, process and pre-underwrite the loan to Fannie Mae or Freddie Mac underwriting standards using DU or LP automated underwriting systems or we can custom underwrite to your specific underwriting guidelines if requested. Final underwriting will be done by the Credit Union.
Every loan will be presented to you and your team for FROR.
Simple and to the point.