ABA Endorsed Mortgage Programs Save Members $15M in 2015

The Corporation for American Banking, an ABA subsidiary, today announced that its endorsed mortgage lending programs saved actively participating ABA member banks more than $15 million in 2015, an average of more than $21,000 per institution.

 

“On behalf of our bankers, we have negotiated advantaged terms with leading companies in the industry,” said ABA Endorsed Solutions Banker Advisory Council Chairman Bryan Luke, who is also president and COO of Hawaii National Bank in Honolulu.

The programs, designed to help community banks participate more successfully in residential mortgage markets, feature member-advantaged terms and benefits with nine partners. The solutions include secondary market sales, risk mitigation and compliance tools, management tools, portfolio analytics, quality control and lending technology.