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ABA Community Bank Mortgage LLC

Provider: ABA Community Bank Mortgage LLC

ABA Community Bank Mortgage LLC logo

Co-owned by the Corporation for American Banking and community banks, this cooperative-style venture leverages the power of joint ownership by like-minded community bankers to obtain the most preferred terms possible.

To be eligible to become an owner of the ABA Community Bank Mortgage LLC, your bank must be an ABA member. An offer packing containing operating documents for the ABA Community Bank Mortgage LLC, such as the by-laws and Operating Agreement as well as all buy-in materials, is given to interested member banks. The bank then typically performs a legal review of the package and, in many cases, start the approval process with our investors while reviewing the package.

When the bank is comfortable with the documents, they return a fully executed original set of documents to ABA Community Bank Mortgage LLC, along with their buy-in fee, and at that point become a ABA Community Bank Mortgage LLC owner.

ABA Member Discount

This cooperative venture leverages the power of joint ownership to obtain preferred terms. Owners receive periodic profit distributions that are a function of how much business they have transacted through the LLC.

Benefits

  • Better execution for loans sold into the secondary market
  • Improved quantity and quality of loan production via an aggregated system
  • Periodic profit distributions depending on how much business is transacted though the LLC

Provider

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