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ABA Community Bank Mortgage LLC

ABA Community Bank Mortgage LLC offers community bankers a whole new option for managing and building the mortgage market. 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. Learn more about joining the American Bankers Association.




 

 Solution

 

How does your bank become a ABA Community Bank Mortgage LLC owner?

When an ABA bank member has determined that it would like to become an ABA Community Bank Mortgage LLC owner, we will forward you an Offering package. The package contains all of the operating documents for the ABA Community Bank Mortgage LLC, such as the by-laws and Operating Agreement as well as all buy-in materials. The bank typically performs a legal review of the package. In many cases, banks also start the approval process with our investors while reviewing the Offering 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.


Frequently Asked Questions




 
 

 Provider

 

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.

Are you an ABA member and ready to learn more about how your bank can become an owner of the ABA Community Bank Mortgage LLC? Contact us.



 
 

 Benefits

 
  • Better execution for loans sold into the secondary market. By aggregating volume, Community Bank Mortgage LLC is able to leverage the quality and volume of the owner banks' loan production. Ownership + Volume = Power.

  • Owners receive periodic profit distributions that are a function of how much business they transacted through the LLC.

  • Owner banks take an active role shaping the future of the LLC and interacting with their peers. Networking and developing best practices are the keys to competing effectively in your marketplace.

  • Increase Your Bank’s Mortgage Lending Power.


 
 

 Resources

 

​ABA Community Bank Mortgage LLC Success Story

 
Learn how Presidential Bank FSB has been able to provide competitive pricing to a broader range of customers and remain highly profitable.
 


 
 

 Contacts

 

ABA Contact

 


 
 

 Due Diligence Report

 
 
Due diligence reports  are currently available on select solutions and for bank members only.
 

 Learn About Endorsed Solutions

 
In a rapidly changing landscape, banks turn to the proven expertise of ABA Endorsed Solutions for the most advanced technologies and products to grow their business, cut costs, and transform the customer experience.
 
 


Questions? Please contact Debbie Whiteside for more information.