ACB Mortgage LLC Announces Agreements
ACB Mortgage LLC recently chose Countrywides Institutional Mortgage Services Group to buy and secure loans originated by community bank LLC owners to leverage the aggregate quality and volume of their mortgage business. “We anticipate that this new venture will immediately benefit from Countrywide s inclusion,” said Deborah Whiteside, president and COO of ACB Mortgage LLC.
ACB Mortgage also joined forces with Wells Fargo to act as a secondary market investor for loans originated by community bank owners. “This opportunity to work with ACB Mortgage LLC provides a terrific opportunity for us to put to work our expertise and focus on community banks,” said Brian M. Handal, CMB, division vice president of Wells Fargo Funding.
Copyright America’s Community Bankers Sep 2007
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