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
ATTOM Announces Addition Of NMLS Data

Provides access to the names and NMLS IDs for those originating residential mortgage loans.

Industry News
Oct 05, 2022
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Tech
Sep 27, 2022