NexBank offers new wholesale lending divisionMortgagePress.comNexBank, wholesale lending division, NexBank Wholesale Lending, PPE, Davis Deadman, Keith Kitterman
NexBank SSB has announced a new wholesale lending division,
called NexBank Wholesale Lending, which allows mortgage bankers and
brokers the opportunity to provide clients with a new means of
traditional mortgage funding. The low maintenance, paperless
operation includes an automated Product and Price Engine (PPE) and
provides simple and prudent financing for residential mortgages,
such as purchases, refinances and investment properties.
"Our direct lending and commercial business has kept a good,
steady pace, even in the current market," said Davis Deadman,
NexBank president and chief executive officer. "Wholesale lending
makes it possible for us to extend this success, and leverage the
companys experience and financial strength to increase our overall
lending activity. We have aggressive goals for our new wholesale
mortgage operation, and believe it has enormous potential for
innovation and success."
NexBank's wholesale lending program provides mortgage bankers
and brokers a set of funding options that includes FHA, conforming,
RD and VA lending products. "Additionally, were fortunate to have
some of the most qualified lending professionals on our team
combined with some of the best service in the industry," said
Deadman. Keith Kitterman, director of Wholesale Lending, joined
NexBank in 2008 from a national mortgage financing and services
company where he directed the regional operations in Dallas for
several years. Kitterman brings market knowledge, ingenuity and
experience in similar markets and understands how to pilot
NexBank's new division during intense market pressures.
"This new operation with NexBank combines optimal timing,
experience and financial stability with a superior organization,"
said Kitterman. "The infrastructure, economics and historic
business model in mortgage lending is currently being rewritten
because of market conditions, and we are rebuilding the enterprise
to be successful not just today but five years from today," said
Even with the broad offering of products and services, business
objectives are to keep loan underwriting fast and efficient and
make timely decisions, maintaining procedures that include a fully
automated and paperless operation. "Agility is important in any
business, but especially in today's lending market," said Deadman.
"It's the intention of NexBank to be highly responsive and fast,
giving every advantage we can to our customers."
For more information, visit www.nexbank.com.