The Independent Community Bankers of America (ICBA) and LenderLive Network Inc. have announced the launch of ICBA Mortgage Solutions, a multi-functional suite of mortgage services designed to help ICBA member community banks continue to originate, process, close, fund and sell residential loans.
“Main Street community banks are relationship lenders that continue to serve the needs of their local customers nationwide by providing common-sense mortgage loans that they can afford and afford to keep,” said Ron Haynie, president and chief executive officer of ICBA Mortgage Corporation, the mortgage services subsidiary of ICBA. “ICBA Mortgage Solutions is a testament to our dedication to offering value-added services to our member community banks as it will provide them with greater access to high-quality mortgage products, easy-to-use technology and the necessary tools to manage risk.”
ICBA Mortgage Solutions delivers a technologically advanced platform supported by well-trained mortgage-lending professionals to help community bankers originate and process residential loans efficiently and sell them to multiple “community bank friendly” preferred mortgage investors.
“As a community banker, I have no doubt that ICBA Mortgage Solutions will heighten the ability of community banks across the nation to offer their customers residential loans while sticking to the common-sense lending principals that have always been the hallmark of community banks,” said Terry Jorde, chairman of ICBA Mortgage and president and chief executive officer of CountryBank USA in Cando, N.D.
To bring this platform to the market, ICBA Mortgage has partnered with LenderLive Network Inc., a provider of mortgage technology and loan fulfillment services. Based in Denver, LenderLive is the engine for ICBA Mortgage Solutions.
“We are extremely excited about the launch of ICBA Mortgage Solutions and our partnership with ICBA Mortgage to bring this offering to community banks,” said Rick Seehausen, president and chief executive officer of LenderLive. “We feel strongly that the recent changes in the mortgage industry represent a tremendous opportunity for community banks to grow market share in mortgage lending and stabilize the primary origination market with high-quality loan originations.”
For more information, visit www.icbamortgage.com.