In Science and Space: In order to serve the needs of independent mortgage bankers, Fifth Third Bank, National Association is happy to start its Mortgage Warehouse Finance business. Fifth Third, one of the biggest regional banks in the U.S., provides all of the banking, credit, and liquidity options independent mortgage bankers need in one location.
Assembling or originating residential mortgage loans, warehouse lending is a commercial financing arrangement between banks and non-depository mortgage lenders. In the interim, the loan might be sold or securitized in the secondary market thanks to the financing arrangement. From the time they are funded on the facility until they are sold, loans are kept in a “warehouse.”
Kevin Lavender, Fifth Third Bank’s head of commercial banking, stated, “At Fifth Third, we seek to be the banking partner of choice for independent mortgage bankers.” “Our resources and relationship-focused approach put us in a position to offer solutions to our clients’ most urgent business issues. We can work together to benefit the independent mortgage bankers of today.
Donnie Martin, who has more than 25 years of expertise in the mortgage sector, is the head of Fifth Third’s Mortgage Warehouse Finance division. A team of qualified warehouse loan experts from all around the United States has been put together by Martin. Dallas is the team’s home base.