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Fifth Third bank launches Mortgage Warehouse finance Business
September 21, 2022
“At Fifth Third, we look to be the banking partner of choice for independent mortgage bankers,” said Kevin Lavender, head of commercial banking at Fifth Third Bank. “Our resources and focus on relationships position us to provide solutions to our clients’ most pressing business problems. We can collaborate to deliver value for today’s independent mortgage bankers’ business.”
Warehouse lending is a commercial financing arrangement between banks and non depository mortgage lenders that originate or aggregate residential mortgage loans. The financing arrangement provides interim liquidity until the loan is sold or securitized in the secondary market. Loans are held in “warehouse” from the time they are funded on the facility until they are sold.
Fifth Third’s Mortgage Warehouse Finance business is led by industry veteran Donnie Martin, who brings more than 25 years of mortgage industry experience to the bank. Martin has assembled a team of knowledgeable warehouse lending professionals across the U.S. The team is based in Dallas.
“We offer our clients a full banking relationship, industry expertise and technology to deliver excellence in daily execution and consistency through business cycles,” said Martin, group head of mortgage warehouse finance at Fifth Third. “We’re bringing the resources of Fifth Third’s Commercial Bank to the mortgage industry to help our clients achieve their long-term strategic objectives.”
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/