Rhonda Beck, CMB has joined Southwest Securities FSB's mortgage purchase program as the mid-Atlantic relationship manager in Charlotte, N.C. She will source business in South Carolina, North Carolina, Virginia, Tennessee, West Virginia, Western Pennsylvania, Kentucky and Ohio. Rhonda comes to the bank with 16 years of correspondent lending experience in the region, first as a correspondent sales manager for CitiMortgage Inc. and then as financial institutions director for Indymac Bank. Rhonda received her CMB designation from the Mortgage Bankers Association (MBA) in 2006.
The mortgage purchase division provides funding capacity for independent mortgage bankers across the United States. The division takes a short-term ownership interest in one- to four-family residential loans while they are being prepared for delivery into the secondary market. Maximum purchases range from $2 million to $30 million per mortgage banking client.
Southwest Securities FSB, headquartered in Dallas, was established in 1986 and became a wholly-owned subsidiary of SWS Group Inc. in 2000. Although based in Texas, the bank conducts business nationwide and is involved in all areas of lending, from commercial loans and residential construction loans to mortgage warehouse lending. Southwest Securities offers a variety of commercial and community banking services designed to help businesses grow and communities prosper.
For more information, visit www.southwestsecuritiesfsb.com.