Credit Union Mortgage Alliance Partners with HomeSold, Inc.

Free Home Appraisals in a Challenging Market a Success

Basking Ridge, N.J., July 31, 2008 – Credit Union Mortgage Alliance Network (CUMAnet) announces its partnership with HomeSold, Inc. which will provide additional mortgage resources to CUMAnet client credit unions.

The joint marketing and integration partnership will allow CUMAnet clients to gain access to HomeSold's home buying benefit, a service which is designed to both lower real estate commissions for borrowers and generate additional purchase money mortgages.

"In times of a challenging real estate market, we wanted to offer our clients that extra something to give them more confidence to forge through the real estate market," Daniel von Schaumburg, president of CUMAnet stated. "HomeSold is great resource for CUMAnet and our clients."

Through this partnership, clients can take advantage of CUMAnet's extensive home loan services, as well as HomeSold's extensive network of real estate agents. Homebuyers are eligible to receive a rebate equal to 25% of their real estate commission (excluding properties in Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, New Jersey, Oklahoma, Oregon and Tennessee due to individual state laws) and will receive a Personal Transaction Assistant (PTA) to serve as an impartial party throughout the process.

CUMAnet hosted a webinar on July 24th to discuss the benefits of the collaboration and 42 existing and potential CUMAnet client credit unions participated. In addition, many credit unions have inquired about this service and CUMAnet anticipates that most will take advantage of the HomeSold benefit for their members.

About CUMAnet
CUMAnet is a 100% credit union-owned, full-service, real estate organization, providing residential mortgage and home equity loan products and related services to credit unions exclusively nationwide for 13 years. With its transparent service, CUMAnet allows credit unions the ability to offer members the real estate products and pricing needed to compete in today's financial marketplace, plus the personal, superior service expected in the credit union industry.