ABA SUBSIDIARY OFFERS COMMUNITY BANKS WHOLESALE LENDING OPPORTUNITY WITH U.S. BANK HOME MORTGAGE
WASHINGTON, DC – December 15, 2010 – (RealEstateRama) — Business Solutions, a subsidiary of the American Bankers Association, has entered into an exclusive two-year arrangement with U.S. Bank Home Mortgage that will provide member banks with a competitively-priced outlet for the sale of wholesale loans.
U.S. Bank Home Mortgage, headquartered in Bloomington, Minn., will offer member banks a complete menu of wholesale lending services, including agency-eligible, jumbo, and FHA/VA products, as well as underwriting solutions. Banks that are members of ABA will also receive customized benefits.
“We’re pleased to work with U.S. Bank to benefit our members,” said William Kroll, president of Business Solutions. “U.S. Bank is a trusted, experienced investor for community banks that operate in the wholesale residential mortgage channel.”
“The ABA is a proven leader in extending business solutions to its member banks,” said Tom Romine, senior vice president, national wholesale lending at U.S. Bank Home Mortgage. “We’re pleased to have the opportunity to expand the mortgage lending options available to community banks across the country. As one of the nation’s largest wholesale mortgage lenders, we’re committed to the success of our lending partners and to serving the needs of their customers.”
U.S. Bancorp (NYSE: USB), with $291 billion in assets as of Sept. 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,013 banking offices in 24 states and 5,323 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees. The majority of ABA’s members are banks with less than $165 million in assets. Learn more at aba.com.
ABA Media Contact:
John Hall
(202) 663-5473
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