News Column

ABA Endorses New Mortgage Program Through SunTrust

June 23, 2014



WASHINGTON, June 23 -- The American Bankers Association issued the following news release:

The American Bankers Association, through its subsidiary Corporation for American Banking, has endorsed a new solution within its ongoing relationship with SunTrust Mortgage - the Emerging Market Banker program. Bankers may use the program to sell mortgage loans to SunTrust as a correspondent lender, yet with these added benefits and parameters:

- The Emerging Banker Division is 100% non-delegated;

- Banks utilize approved fulfillment centers to ensure additional compliance safety on each transaction; and

- The EBD offers conventional products, both conforming and jumbo. No FHA or VA products are available.

"This program will help bankers serve their customers' mortgage financial needs and - for some - allow them to continue offering mortgage loans in their community," said William Kroll, executive vice president, Corporation for American Banking. "ABA endorsed solutions, are intended to help our members save money, increase revenue and ultimately succeed."

SunTrust Mortgage is one of eight strategic mortgage lending solutions providers that offer ABA members advantaged programs to help them compete in the areas of compliance, fraud prevention, loan sales, quality control, operational efficiency and mortgage portfolio risk analysis.

Bankers interested in this new program or other ABA endorsed mortgage lending solutions should visit aba.com/mortgage or call 1-800-BANKERS.

About Corporation for American Banking

ABA endorsed solutions help banks make money, save money, diversify income and improve efficiency. Backed by our comprehensive due-diligence process, these select solutions are analyzed by industry experts, field-tested by bankers and meet stringent quality and customer-service standards. From compliance and insurance to payments and mortgage lending, you'll find products and services to enhance your bank's bottom line. Learn more at aba.com/endorsed.

[Category: Banking]

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