American Home Bank announces the expansion of its wholesale lending divisionMortgagePress.comAmerican Home Bank, wholesale lending division, BIll Kelley, James Deitch
American Home Bank (AHB) has announced the combination of its
Northeast and Southeast Wholesale Units. The Bank also announced
that William J. S. "Bill" Kelley, a highly respected veteran of the
wholesale lending business, has been promoted to president of the
expanded wholesale division.
James M. Deitch, Chairman and CEO, said, "At AHB, we see this as
an excellent time to increase our market share. Our national bank
charter and strong track record are attracting brokers to our
Wholesale Division. Quality and stability are the order of the day,
and we are pleased to be the provider of choice for the excellent
brokers still standing strong in the mortgage business."
While many major wholesalers are withdrawing from the third
party origination business, AHB is expanding its products offerings
and delivery systems. Bill Kelley, the new wholesale division
president, said, "AHB's focus has always been prime conventional
and government loans. We're seeking to expand our wholesale
business serving wellestablished mortgage broker partners who are
committed to fair pricing, quality loans and attention to
compliance."
Kelley continued, "We're looking to serve that small community
of truly outstanding mortgage brokers who have consistently
originated top quality product, are committed to outstanding
customer service and who demonstrate a longstanding ability to
originate prime conventional conforming and FHA/VA loans."
AHB will continue to seek partners who have a proven track
record and are searching for a wholesale lender who offers
outstanding customer service and reliable fundings. AHB detailed
the following key initiatives to assist with the expansion:
• Consolidation of the Northeast (offices in Cherry Hill,
NJ) and Southeast (offices in Neptune Beach, FL) units into a
single American Home Bank wholesale division headed by
Kelley.
• FHA/VA products will be offered throughout the newly
expanded division. • AHB's proprietary loan pricing and
underwriting engine will be available to qualified brokers as of
June 1, 2008.
• Monthly broker webcasts will begin in June 2008. Webcasts
will be developed to help brokers grow their businesses and reach
new levels of success. Topics will include product information and
promotions, sales and service tips, service advice and industry
updates. The first webcast will cover "Five Key Factors to Ensure a
Mortgage Broker Will Thrive in 2008."
Kelley brings over 30 years of mortgage lending experience to
his role as President of AHBs Wholesale Division. After spending
his early career in retail mortgage banking, Kelley joined
Travelers Mortgage Services national wholesale business channel and
grew it into a multi-billion dollar business. Kelley also developed
wholesale mortgage acquisition businesses for Anchor Mortgage
Services, Tucker Federal Bank of Tucker, Georgia and FNB Bank of
Jacksonville, Fla. Kelley will be based in Jacksonville, Fla.
For more information, visit www.bankahb.com.
