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NattyMac relocates headquarters

National Mortgage Professional
May 08, 2006

Countrywide sets industry recordMortgagePress.comRecord loan origination Countrywide, America's Wholesale Lender, a division of Countrywide Home Loans Inc., has announced its total volume in 2005 exceeded $100 billion, making it the first wholesale mortgage banker to achieve this unprecedented milestone. Total originations for the division were $103.3 billion in 2005, of which $22.7 billion was sourced to Countrywide Bank NA, a subsidiary of Countrywide Financial Corporation. By surpassing the $100 billion mark, the division topped its own record, established in 2003, of $98.9 billion, of which $7.8 billion was sourced to Countrywide Bank. The record-breaking year was punctuated by the company's ranking as America's #1 Wholesale Lender for the eighth quarter in a row, according to National Mortgage News. The division also set an industry benchmark, with more than $50 billion in purchase financing, and demonstrated its strong position in the non-prime business segment with more than $15 billion in volume through its specialty lending group. "We are extremely proud of our historic achievement in 2005 and attribute our success to not only the commitment of our industry-leading team, but also to our invaluable mortgage broker business partners," said Todd Dal Porto, senior managing director for Countrywide, America's Wholesale Lender. "With and through our strong relationships with mortgage brokers nationwide, our hard-working team delivered more one-source financing solutions than ever before in a wholesale context. We are appreciative of the fact that our business partners chose Countrywide for their clients' financing needs." Committed to being the wholesale lender of choice among mortgage brokers, Countrywide works tirelessly to strengthen its position as a one-source lender providing prime and non-prime alternatives designed to serve the financing needs of virtually any borrower. Its unique and compelling model of both decentralized branches and regional fulfillment centers, coupled with its state-of-the-art technology and high-caliber team of mortgage industry professionals, establishes Countrywide as a natural choice to serve mortgage brokers across the country. For more information, visit www.cwbc.com.
Published
May 08, 2006
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