Oct 17 - The American Bankers Association – through its Corporation for American Banking subsidiary – has endorsed Sterne Agee Mortgage, a division of FBC Mortgage, a subsidiary of Sterne Agee Group Inc. to offer correspondent lending solutions designed to meet the unique needs of community banks.
Sterne Agee’s flexible service options, available to ABA banks at reduced fees, will enable member banks to interact with the secondary market in a variety of ways. By having options, banks can decide the scale of their mortgage operation that will best balance the goals of meeting customer’s needs and managing risks.
“We are pleased to announce this endorsement of Sterne Agee Mortgage,” said William Kroll, executive vice president of ABA’s Corporation for American Banking. “Sterne Agee’s exceptional mortgage program gives our member banks the competitive edge they need to succeed in the secondary market.”
“Sterne Agee Mortgage is excited to have been chosen as an endorsed mortgage lending partner for ABA members. Our flexible service options are an ideal fit for the individual needs of community banks,” said Gary Manfredi, division manager at Sterne Agee Mortgage.
Participating banks will have the option of a traditional delegated correspondent relationship or the use of Sterne Agee Mortgage in whole or in part for the origination, processing, underwriting and closing functions.
For more information on ABA’s endorsement of Sterne Agee Mortgage, call 1-800-BANKERS or visit www.aba.com/Products/Endorsed/Solutions/Pages/SterneAgeeMtg.aspx.