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CUSO Home Lending has announced that they have signed a contract with MaineStream Finance to manage both the servicing of their current portfolio of loans and take on the servicing of any new loans closed going forward.
MaineStream Finance is a non-profit organization that helps low- to moderate-income borrowers. The company is dedicated to economic development by providing credit, capital, and financial services that are often unavailable from traditional financial institutions. Since 1999, MaineStream Finance has served Maine homeowners, homebuyers, consumers, and entrepreneurs in securing the advice and financing they need to grow and thrive.
“We are committed to ensuring a top-tier level of services to MaineStream’s existing customers as well as to new customers going forward,” said Russell Cole, President and CEO of CUSO Home Lending. “We are proud to have supported and served communities across Maine for the past nearly three decades and we look forward to helping even more of our neighbors achieve the dream of home ownership in the years to come.”
MaineStream Finance is a wholly owned subsidiary of Penquis, which was established in 1967 as a non-profit 501(c)(3) organization dedicated to supporting Maine families in becoming healthy, safe, connected, and financially secure. Penquis is Maine’s largest community action agency serving primarily low- and moderate-income individuals in Penobscot, Piscataquis, and Knox counties, with an even broader impact across all 16 Maine counties.
“We are excited about this transition,” explained Jason Bird, Housing Development Director and Director of MaineStream Finance. “It allows our team to focus on meeting the needs of our new home and business borrowers, while being assured that our existing clients are well cared for by CUSO’s talented team and our commitment to customer service.”