Skip to main content

Civic Financial Services Debuts Correspondent Channel

Phil Hall
Jun 05, 2019

The new correspondent channel will enable approved lenders to close Civic Financial Services loans in their own name, as well as access to warehouse lines.

Civic Financial Services has launched a correspondent lending channel for traditional mortgage and private money lenders with warehouse line options.
 
According to the Redondo Beach, Calif.-based company, the new correspondent channel will enable approved lenders to close Civic Financial Services loans in their own name, as well as access to warehouse lines. Zeenat Zonte, who was previously a regional sales manager with Ditech Financial and a vice president and division manager at New Penn Financial LLC, has been hired as director of correspondent lending.
 
“Simply put, we understand the needs of our partners,” said William J. Tessar, president of Civic Financial Services. “In the wholesale arena, private money products were only available through the broker vein, which meant less revenue for the mortgage banker. In the private money arena, lenders were previously limited by the amount of capital they could raise.”
Published
Jun 05, 2019
Deephaven Hires A New VP Of Client Development, Correspondent

Andrew Spicer brings more than 30 years of correspondent and wholesale mortgage sales leadership experience to his role.

Correspondent
May 28, 2021
Carrington Mortgage Services Launches Delegated Correspondent Lending Channel

Carrington Mortgage Services LLC now provides retail, wholesale, and correspondent lending.

Correspondent
May 05, 2021
Royal Pacific Funding Introduces Correspondent Lending Channel

The company‘s correspondent channel will offer Fannie Mae, Freddie Mac, VA and FHA programs.

Correspondent
Oct 01, 2020
Plaza Home Mortgage Launches LINQ Correspondent Portal

LINQ will give correspondents real-time views of conditions and the statue of their purchase reviews.

Tech
Sep 24, 2020
The Survival Of Wholesale And Correspondent Lending

How wholesale and correspondent lending continue to outperform expert predictions.

Wholesale
Sep 22, 2020
Sprout Mortgage Resumes Correspondent Lending Operations

Sprout will offer four loan programs that will target the needs of borrowers across a broad spectrum.

Correspondent
Jul 07, 2020