May 11 – NexBank, a North Texas leader in banking and financial services, announces the launch of a correspondent lending group, designed to provide viable funding solutions with expedient turn times for banks and mortgage brokers. As mortgage professionals seek ways to adjust to regulatory changes impacting the mortgage industry, correspondent loan programs further expand funding options that help support home ownership in communities.
“As a correspondent lending partner, NexBank offers mortgage brokers the opportunity to serve as mortgage bankers to their customers,” said Jed Meaux, vice president and head of NexBank’s Mortgage Division. “And small community banks can provide mortgage solutions to their banking customers but leave the backroom work of underwriting to us.”
“The timing for this offering could not be better,” said Mike Rossi, executive vice president for NexBank. “In this stage of the economic cycle, everyone is looking for quality mortgage solutions that provide a reliable access to funding but keep operational burdens low.”
With double digit growth in 2010, NexBank’s Mortgage Division operates with an experienced and knowledgeable staff “who specialize in customer service,” said Meaux. “However, the real difference that NexBank provides as a partner is the abundantly ample communication and an efficient loan process. As mortgage professionals work to rebuild their businesses, they can focus on what’s most important to their bottom line.”
NexBank, who entered the wholesale lending space in early 2008, provides products and services to mortgage professionals to help them serve their borrowers with quality loan solutions and reliable delivery.
For more information about NexBank and its financial products and offerings, visit the website at www.nexbank.com.
NexBank, SSB, is headquartered in Dallas in the NexBank Building, Galleria II Tower. Originally founded in 1922, the bank was purchased in 2004 by a group of Dallas-based investors who refocused the bank to become a sophisticated and capable force in commercial real estate and specialty financing (local) and leader in deposit and savings rates. For more information, visit www.nexbank.com.