Skip to main content

Syracuse Securities to Cease Operations

Phil Hall
Sep 05, 2019
Photo credit: Getty Images/StockSeller_ukr

Syracuse Securities Inc., a family-run mortgage lender founded in 1963, has announced it is shutting down its operations and transferring its’ current business to Premium Mortgage Corp.
 
Headquartered in Syracuse, N.Y., has closed more than $4 billion in residential mortgages and is currently servicing over $800 million. The company’s loan officers and some other staff members will become part of Premium Mortgage, which will also close its current Syracuse office in favor Syracuse Securities’ location in neighboring East Syracuse.
 
Syracuse Securities did not explain why it decided to terminate its business operations at this time. In a press release, the company said it enjoyed “a phenomenal run in an unforgiving and highly competitive business.”
 
"We are pleased that Premium Mortgage is interested in expanding their operations further into the Syracuse market via the merging of their mortgage professionals with ours," said Larry Smith, president of Syracuse Securities.

 
Published
Sep 05, 2019
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021