Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending Experience
MSGCU Chooses Blend Mortgage, Income, Close, and Home Equity Solutions
Blend, a leading provider of cloud banking services, announced today that Michigan Schools and Government Credit Union (MSGCU) has selected Blend to deliver an enhanced user experience for its members. By selecting Blend for its Mortgage, Income, Close, and Home Equity solutions, MSGCU aims to simplify and streamline the application process, automate their lender workflows, and offer a consistent digital experience across all lines of their consumer real estate business.
“MSGCU continually evaluates the tools we use to serve our members to ensure we are helping them reach their financial goals, while being efficient and timely,” said Bryan Genovich, MSGCU Real Estate Lending Director. “We determined there was an opportunity to further automate and streamline our lending process to better support our members, and Blend has been a valuable partner in helping us improve the member experience and increase our completed applications.”
Blend was able to deliver a smooth and efficient deployment in under four weeks. By leveraging Blend's technology, MSGCU will be able to automate their entire origination process with instant verifications across assets, income, and employment. In addition, Blend's mobile capabilities will enable MSGCU to enhance its mobility and flexibility, empowering loan officers to perform tasks seamlessly while on the go, from issuing pre-approvals letters to running credit checks, input pricing, and AUS—all within the Blend platform.
MSGCU anticipates an increase in operational efficiency with Blend. By cutting down processing time and reducing manual workloads, loan teams will be freed up to focus on what matters most - their members. According to a 2023 impact analysisconducted by MarketWise Advisors, Blend’s Mortgage Suite eliminates an average of 8 days from the overall loan cycle time from processing to closing.
"We are thrilled to partner with Michigan Schools and Government Credit Union to transform their mortgage and home equity lending processes," said Erik Wrobel, head of product at Blend. "We look forward to helping MSGCU streamline their operations, enhance member experiences, and drive sustainable growth. Together, we are committed to delivering exceptional value to their members and ensuring success in today's rapidly evolving digital landscape."
To learn more about Blend’s digital lending solutions, please visit www.blend.com.