BANNOCKBURN, Ill.—Great Lakes Credit Union said it has partnered with Vertyx, a provider of intelligent mortgage servicing technology, through its CUSO holding company GLCU Holdings LLC, to launch Vertyx CUSO LLC to transform “mortgage servicing with a member-first philosophy and shared, credit union focused technology.”
According to the organizations, the launch follows a year of significant growth for Vertyx within the credit union ecosystem, and the Vertyx CUSO LLC formalizes the company’s commitment to serving as a long-term technology partner for innovative mortgage servicing teams across the credit union industry.
“Mortgage servicing has traditionally been treated as a cost center and a source of friction for both members and operations teams,” Vertyx Co-Founder Ayo Opeyemi said in a statement. “Vertyx CUSO was created to change that dynamic by enabling credit unions to retain key member relationships while transforming servicing into a driver of loyalty, efficiency and portfolio growth.”
Shared Expertise
Vertyx CUSO enables credit unions to share technology and expertise while accessing modern servicing capabilities that would be difficult to build independently, according to the company, which said the CUSO structure reinforces its commitment to collaboration, scalability and long-term value creation for the credit union industry.
“Vertyx delivers a mortgage servicing platform designed to help financial institutions retain servicing, modernize operations and reduce dependence on legacy systems,” the company said. “The platform provides a single source of truth by centralizing portfolio data, embedding automated compliance into daily workflows and supporting faster, data-driven decision-making, while an API-first architecture allows credit unions to connect with existing vendors without costly proprietary integrations and reduce operational risk.”
‘Phenomenal Partner’
Added Michael Abraham, CEO of GLCU Holdings and chief strategy officer at Great Lakes Credit Union, in a statement, “Vertyx has been a phenomenal partner for Mortgage Forward, our wholly owned CUSO, in helping us elevate the mortgage servicing experience for our members. We are excited to deepen this partnership and continue to innovate on mortgage servicing solutions that provide real value to the credit union movement.”
