Rate Reset | NewsRelease-073114

Churchill Mortgage And Mortgage Harmony Corp. Partner To Eliminate Refinancing

Hassles For Borrowers – HarmonyLoan™ reduces processing time from several weeks to one minute


Churchill Mortgage And Mortgage Harmony Corp. Partner To Eliminate Refinancing

BRENTWOOD, Tenn., July 31, 2014Churchill Mortgage today announced that it has partnered with Mortgage Harmony to provide borrowers with its HarmonyLoan Rate Reset™ product, a patented consumer-initiated interest rate-resetting mortgage that provides the benefit of a refinance without the expense and time associated with the traditional process. Churchill is a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 33 states. Churchill joins Mortgage Harmony’s network of lenders and will now offer the HarmonyLoan feature on selected products, enabling them to compare the terms of their existing mortgage to the HarmonyLoan offer of the day and reset interest rates as often as every 180 days. Borrowers can review the offer on a secure, customized website that is powered by Mortgage Harmony’s Loan Retention Software (LRS™). If eligible, the borrower selects the offer and completes the Rate Reset via e-Signature, reducing the process from 30 days or more to less than 10 minutes. The HarmonyLoan also eliminates out-of-pocket costs and administrative hassles borrowers face with traditional refinancing.

“The HarmonyLoan alleviates the headaches and duplicate processes that riddle traditional refinances, while providing borrowers with a higher degree of transparency and encouraging them to take more control of their mortgage,” said Mike Hardwick, president of Churchill Mortgage. “Partnering with Mortgage Harmony enhances our overall level of service and strengthens the relationships we have with the community, as well as the industry at large.”

“Churchill’s borrower-focused approach to lending compliments our mission to provide financial institutions with solutions that streamline and accelerate internal processes,” said Keith Kelly, CEO of Mortgage Harmony Corp. “In addition to empowering borrowers with the HarmonyLoan, Churchill will also help their local bank and credit union partners foster new relationships and improve their overall loan retention rates.”
The HarmonyLoan is offered on select sets of adjustable rate mortgage products and is available in select states. For more information and qualification requirements for borrowers, please visit www.harmonyloan.com.

About Mortgage Harmony Corp:
Named by American Banker’s Bank Technology News (BTN) as “One of the Top Ten Technology Companies” to watch in 2013, Mortgage Harmony Corp. provides innovative Loan Retention Software (LRS™) to banks, credit unions and mortgage companies. The company’s HarmonyLoan™ is a borrower-initiated interest rate-resetting loan feature that provides an alternative to the traditional refinance for both mortgages and auto loans. For more information on Mortgage Harmony and the HarmonyLoan™, please visit www.mortgageharmony.com.

About Churchill Mortgage:
Founded in 1992, Churchill Mortgage is a privately owned company by its more than 300 employees. A prominent and financially sound leader in the mortgage industry, the company provides conventional, FHA, VA and USDA residential mortgages across 33 states. Unique within the industry, it is the only mortgage lender endorsed by nationally syndicated radio personality and personal finance expert and author, Dave Ramsey. Through its consultative approach to lending and strong commitment to local communities, the lender focuses on the right loan product for each borrower, providing the education and tools necessary to ensure borrowers’ financial stability. Churchill Mortgage is a wholly-owned subsidiary of Churchill Holdings, Inc. For more information about Churchill Mortgage, visit www.churchillmortgage.com or follow the company on Twitter @ChurchillMtg and Facebook at www.facebook.com/churchillmortgage.

Media Contacts:

Keith Kelly
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