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.