Skip to main content

Miners Bank Selects ICBA Mortgage Solutions

NationalMortgageProfessional.com
Apr 26, 2011

ICBA Mortgage Solutions (ICBAMS), which supports community bank mortgage lending from origination through funding and sale into the secondary market for ICBA member banks, has announced that Minersville, Penn.-based Miners Bank, wants to improve its mortgage lending efforts by using the ICBAMS platform. After a change in strategic direction, Miners Bank is focusing on increasing its loan volume through competitive advantages that are on par with larger competitors. ICBAMS’ Web-based platform offers Miners Bank access to multiple preferred investors, their products and interest rates. “As a small community bank, it is tough to remain competitive with the mega banks today,” said Rob Lawley, chief credit officer at Miners Bank. “By participating in the ICBAMS program, we have created an avenue into the secondary market that enables us to provide interest rates we previously could not, and offer products our customers want that we couldn’t offer in the past. We look forward to an efficient and mutually beneficial relationship with ICBAMS.” Miners Bank, with more than $120 million in assets, was established in 1935, and is one of the fastest growing community banks in Schuylkill County, Pa. and serves its customers through four full-service branches. “It is essential for community banks to have a trusted partner that can assist them in understanding and operating in the mortgage industry today,” said Scott Hall, president of ICBA Mortgage Solutions (ICBAMS). “ICBAMS affords banks such as Miners Bank the opportunity to offer highly competitive rates on a variety of products thereby increasing loan volume, and reinforcing their position in the market.” With its proven platform and robust technology, ICBAMS supports community banks and provides access to a wide array of investors. Its Web-based services ensure compliance support and protect community banks from the predatory cross-selling tactics of mortgage servicers.
Published
Apr 26, 2011
Home Partners Of America Launches Choice Lease Program

Home Partners of America launched its Choice Lease program aimed at addressing the affordable housing crisis and mortgage access challenges, that are faced by low-to-moderate-income families and underrepresented communities.

Industry News
Jan 17, 2022
KBRA Assigns Preliminary Ratings To OBX 2022-NQM1 Trust

Kroll Bond Rating Agency assigned preliminary ratings to six classes of mortgage pass-through notes from OBX 2022-NQM1 Trust, a $556.7 million non-prime RMBS transaction.

Non-QM
Jan 17, 2022
Zillow: Black Mortgage Applicants Denied 84% More Often Than White

Zillow recently analyzed data from the Home Mortgage Disclosure Act and found that Black mortgage applicants are denied a mortgage 84% more often than white applicants.

Analysis and Data
Jan 13, 2022
Mortgage Economic Review January 2022

The Mortgage Economic Review is a monthly summary of Key Economic Indicators, Data, and Events pertinent to Mortgage and Real Estate Professionals.

Analysis and Data
Jan 13, 2022
Fairway Independent Mortgage Corp. Puts Employees' Health First

Fairway Independent Mortgage continues to allow its employees to choose whether to return to the office or not.

Industry News
Jan 12, 2022
First American Agrees To Acquire Mother Lode Holding Co.

Acquisition would expand First American’s footprint in 11 states

Industry News
Jan 12, 2022