Fifth Third Mortgage's Servicing Portfolio Up 11 Percent, Tops $65 Billion

Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank, recently broke the $65 billion total servicing portfolio threshold for the first time in company history. "To reach the $65 billion threshold is an incredible feat, especially with the economic downturn that we've just been through," said Bob Lewis, president of Fifth Third Mortgage Company. "We're grateful of the 38,000 customers that we've added this past year selected Fifth Third Mortgage Company to help get their piece of the American Dream." The Fifth Third has been reaching to current customers and first-time homebuyers out over the past two years with information buy their dream home. The Company has tools for homebuyers to give confidence and knowledge to pursue homeownership, which include a Web site, www.53.com/mortgagedream, which provides information about loan options. The site also includes mortgage tools, including a home valuation model and an affordability calculator to help determine a comfortable monthly mortgage payment. Fifth Third Mortgage has also been working with customers to refinance their homes through the Making Home Affordable Program. Since the Freddie Mac Relief Refinance Mortgage Program began in April 2009, Fifth Third has refinanced more than 23,500 mortgages totaling nearly $4 billion. Freddie Mac has noted on numerous occasions that the Mortgage Company has one of the most efficient Relief Refinance operations in the country. The company currently services more than 477,000 customers throughout its 12-state footprint. For more information, visit www.53.com/mortgage.