CBC National Bank’s Mortgage Division Surpasses $13 Billion Milestone – NMP Skip to main content

CBC National Bank’s Mortgage Division Surpasses $13 Billion Milestone

NationalMortgageProfessional.com
Sep 08, 2016
CBC National Bank has announced that in June, its Mortgage Division surpassed the $13 billion mark in loan production

CBC National Bank has announced that in June, its Mortgage Division surpassed the $13 billion mark in loan production. CBC’s Mortgage Division began operations in September 2007, utilizing a conservative, risk-averse business model, originating primarily full-documentation, conforming mortgage loans pre-sold into the secondary market. The Division passed the $1 billion mark in loan production in June 2009 and passed the $10 billion mark in June 2015. During the second quarter of 2016, the Mortgage Division continued to achieve robust funding and profitability, with more than $551.7 million in residential mortgage loans funded and $16.4 million in mortgage banking income during the quarter.

In addition to reaching the $13 billion loan production milestone, CBC’s Mortgage Division was named by The Atlanta Journal-Constitution as one of the “Best Places to Work in Atlanta” for the second consecutive year. CBC was ranked 54th out of the 150 companies receiving this honor in 2015, and in 2015, it was ranked 63rd.

“Our continued growth and recognition is a testament to the quality of all of our associates during our almost nine years in business,” said Brynn Stensrud, executive vice president and head of CBC’s Mortgage Division. “Our knowledgeable mortgage professionals continue to share CBC’s overall passion and commitment to offering our customers the best products and service available. We remain committed to the residential markets in our home communities in Fernandina Beach, Ocala and The Villages, Beaufort and Port Royal, and Atlanta, and we will continue to meet the purchase and refinance needs of our customers while meeting their demands for great service and products into the future. We likewise remain proud of the Mortgage Division’s significant contributions to CBC National Bank’s earnings over the years.”

 

Published
Sep 08, 2016
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021