WASHINGTON —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.
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $14 trillion banking industry and its two million employees. The majority of ABA’s members are banks with less than $185 million in assets. Learn more at aba.com.
About Sterne Agee Mortgage “SAM”SAM is an operating division of FBC Mortgage (2005), a subsidiary of Sterne Agee Group Inc. (1901). SAM, is a National Correspondent Mortgage Lender headquartered in Orlando, Florida. SAM provides competitive rates on home loans FHA, VA, Conventional, USDA, and FHA 203k rehab loans. The award-winning company also specializes in creating a boutique lending experience for its bank partners. Visit us on the web at www.sterneageemortgage.com or call us at 407-215-0860 to become an approved correspondent.