Frontwave Credit Union Celebrates Record-Breaking Year for Mortgage Lending
12/10/2019 12:00:00 AM
Oceanside, CA — Frontwave Credit Union set a new record for mortgage lending in 2019, funding over $75 million in first mortgages through November 30, a year-over-year increase of more than 146 percent. Jeff Forsgren, Director of Real Estate for Frontwave, credits the impressive growth to a combination of factors, including new products, new team members and improved efficiencies.
“In 2019, we began offering VA loans, rolled out a 3 percent down first-time home buyer program, and added a no closing cost product to our lineup,” he explains. These new products are well-suited to Frontwave’s membership base, which includes a large percentage of younger Military members and families, as well as Veterans.
Frontwave also expanded its Real Estate team in 2019, welcoming new Home Loan Consultants Autumn Roose, Farid Sanie and Dusty Carroll. Roose, Sanie and Carroll leveraged their more than three decades of combined home lending experience to boost awareness and adoption of Frontwave’s mortgage offerings throughout the communities the credit union serves. Branch associates further set the stage for success through increased cross-selling and lead generation, while Forsgren and his team drove efforts to reduce loan processing time by more than 50%.
In the coming year, Frontwave plans to continue expanding its loan offerings as well as its Real Estate team. “The future is bright,” says Forsgren. “With support from our Executive Management team as well as our 14 branches, we’ve transformed real estate lending at Frontwave and set the foundation for continued growth in 2020 and beyond.”
About Frontwave Credit Union
Frontwave Credit Union is a member-owned not-for-profit financial institution serving San Diego, Riverside, and San Bernardino Counties. Frontwave Credit Union provides a portfolio of financial products and services including checking and savings accounts, auto loans, mortgage loans, credit cards, home equity loans, and financial planning. Forged in 1952 as Camp Pendleton Federal Credit Union in Oceanside, California, Frontwave has grown from 8 civil service employee members and $40 in assets to more than 89,000 members and more than $900 million in assets. Frontwave Credit Union is continuously recognized as a best place to work in Southern California, winning the Peter Barron Stark Award for Workplace Excellence again in 2019. To learn more, visit frontwavecu.com.