#United States #Chicago #Mortgage Loans #direct lending #Alliant Credit Union

Alliant Credit Union's Unprecedented Mid-Year Success in Mortgage Lending

Alliant Credit Union is celebrating a groundbreaking achievement in its mortgage lending operations during the first half of 2025, fueled by a transformative investment strategy aimed at enhancing its services. Between January and June, the credit union successfully catered to 1,076 households while closing a remarkable $628.8 million in first mortgages for one to four family homes. This figure represents an extraordinary 158% increase over the same period in the previous year.

The surge in growth is directly attributed to the launch of Alliant's new direct lending platform, introduced in December 2023. This initiative has led to a streamlined process for new member onboarding, loan applications, approvals, and closings—all contributing to a superior customer experience.

In June 2025 alone, Alliant achieved unprecedented lending success by serving 236 households and securing $145.7 million in mortgage loans. This milestone marked the largest monthly volume in the history of Alliant’s direct lending operations. To put this in perspective, during the first half of 2024, the credit union assisted only 533 households and closed $243.2 million in loans.

Key Components of the Transformation Strategy

The impressive performance and growth stem from the comprehensive execution of several pivotal components within Alliant's mortgage transformation strategy:

• - Launch of a New Direct Lending Platform: Designed to simplify the process for members from application to closing.
• - Implementation of a New Loan Origination System: This system consolidates records for all mortgage originations, enhancing operational efficiency.
• - Formation of an In-House Mortgage Operations Team: Dedicated teams now provide increased support to members and expedite the closing process.
• - Product Expansion: The addition of new loan types, including FHA, VA, Doctor loans, and Construction loans, offers members more tailored financing options.
• - Enhancements to Secondary Marketing: This has created novel opportunities for collaboration among credit unions, banks, and investors nationwide.
• - Deployment of an End-to-End Digital Mortgage Experience: This allows for a smooth transition from loan application all the way to funding.

Dan Bauer, Head of Residential Lending at Alliant, expressed pride in the transformation, stating, “It is an honor to be part of a team that has embraced transformational change. Our strong momentum will allow us to build upon the progress made and unleash new opportunities to wow our members.”

Future Outlook

As Alliant enters the second half of 2025, the focus remains on sustaining this momentum through continuous enhancements to its offerings and expanding its reach. The credit union aims to adapt and respond to the ever-evolving needs of their members across the nation.

With a member base exceeding 900,000 and assets amounting to $20 billion, Alliant Credit Union is recognized for its innovative approach to financial services. Headquartered in Chicago, the organization has consistently been acknowledged as one of the top credit unions for digital banking, illustrating its commitment to providing exceptional value and service to its members.

For those interested in learning more about Alliant's mortgage offerings, further information can be found on their official website under the Credit Union Home Loans section. This successful transformation marks a significant chapter in Alliant's journey, highlighting the importance of innovation in the financial sector.