First Internet Bancorp., a premier provider of online consumer and business banking services nationwide via First Internet Bank of Indiana, announced on Wednesday that it has doubled the size of its mortgage lending team in response to unprecedented growth in its mortgage lending business. The financial institution added seven account representatives and a second division manager, bringing its mortgage lending team to 16.
David Becker, chairman and CEO, noted that the company’s efficient nationwide Internet-based banking model enables it to offer some of the most competitive rates and closing costs in its industry. The success of First Internet’s loan origination model also involves personal support from its knowledgeable lending team.
Becker remarked, “The closure of a competitor’s Indianapolis-based loan office presented the perfect opportunity to hire an established and proven team that can be immediately productive. Our loan origination business is up 40% since the beginning of the year, and with the Federal Reserve’s announced intention to maintain a low interest rate environment, we anticipate there will be extended demand for mortgage loans and loan refinancing.”
Kevin Quinn, senior vice president of retail lending, added, “Because a mortgage or refinancing is such a significant financial decision, our success in turning prospective borrowers into customers is a critical component of the process. These new team members, as with our current customer representatives, are seasoned loan sales and service professionals skilled at securing new business.
“First Internet’s web-based capabilities facilitate application and processing, but at some point in the lending process, most people want to speak with a representative, whether for explanation, reassurance or guidance. We believe a team of seasoned lending professionals gives First Internet a critical advantage,” the company stated in today’s press release.
The company reported record earnings in 2010 and as of June 30, 2011, total assets were $538.5 million, up 11% compared with $483.1 million at June 30, 2010.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment