Alliant's Mortgage Transformation Exceeds Expectations
Alliant's Incredible Growth in Mortgage Services
Alliant Credit Union is elated to share the remarkable achievements of its Residential Lending team as part of its mortgage transformation journey. This significant initiative launched a new era of lending, marking a whopping 158% year-over-year growth. During the first half of the year, Alliant served over a thousand households, closing $628.8 million in 1-4 Family first mortgage production, more than double compared to the previous year.
Key Factors Driving Record Results
The impressive growth can be attributed to Alliant’s strategic endeavor to modernize its mortgage operations. One of the pivotal moments was the introduction of a new direct lending platform that went live in late 2023, which has streamlined onboarding, application processing, and closing for new members.
Boost in Monthly Production
Alliant achieved its highest monthly performance in June 2025, serving 236 households and closing a remarkable $145.7 million in mortgage loans. This milestone not only underscores the effectiveness of the transformation but also sets a new standard for future growth.
Comparative Analysis
Reflecting on the previous year, June 2024 saw Alliant serving 127 households with $63.7 million in loans. The comparison between the two years clearly highlights the substantial progress made by Alliant in enhancing its lending capacity and offerings.
Components of Alliant's Transformation Strategy
Alliant’s mortgage transformation strategy is multifaceted, incorporating various initiatives aimed at improving member experience and operational efficiency:
- Launch of a direct lending platform which enhances member onboarding, making processes seamless and user-friendly.
- Implementation of an integrated loan origination system, ensuring that all loan records are effectively managed through a single platform.
- Creation of an in-house mortgage operations team dedicated to improving member service and closing timelines.
- Expansion of product offerings that include FHA, VA, Doctor, and Construction loans to better cater to diverse member needs.
- Upgrades to the residential secondary marketing desk, fostering new opportunities for partnerships within the industry.
- The introduction of an end-to-end digital mortgage experience, creating a frictionless journey from application to funding.
Leadership Insights
Dan Bauer, the Head of Residential Lending at Alliant, expressed pride in the team's achievements, stating, "Being part of this transformative era is truly rewarding. With our strong momentum, we aim to keep building our capabilities, unlocking opportunities and providing exceptional service for our members, colleagues, and the communities we serve."
Looking Ahead
As Alliant moves further into 2025, the organization is committed to sustaining its growth trajectory and fine-tuning its offerings to better serve members across the country. The focus remains on increasing accessibility and ensuring an excellent lending experience for all.
Frequently Asked Questions
What is Alliant Credit Union's recent growth in mortgage lending?
Alliant achieved a stunning 158% increase in mortgage lending year-over-year, serving over 1,000 households.
How has Alliant transformed its mortgage operations?
The transformation includes a new direct lending platform and enhanced loan origination processes to streamline member experiences.
What products does Alliant now offer to its members?
Alliant has expanded its offerings to include FHA, VA, Doctor, and Construction loans among others.
What was the standout performance month for Alliant in 2025?
June 2025 marked Alliant's largest closing month, totaling $145.7 million in mortgage loans.
How does Alliant's current performance compare to past years?
Compared to June 2024, Alliant has significantly increased its mortgage loan closures and member service, showcasing considerable growth.
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