Fifth Third Bank Launches Mortgage Warehouse Finance to Support Independent Mortgage Bankers. The service will originate or collect residential mortgage loans between banks and non-depository mortgage lenders. It will then hold the loans in “warehouse” from the time they are funded until they are sold, according to a news release.
The bank will also provide its Mortgage Financial Connect platform to enable customers to access same-day funding.
“We offer our clients a full banking relationship, industry expertise and technology to ensure excellence in day-to-day execution and consistency across business cycles,” said Donnie Martin, head of Fifth Third’s Mortgage Warehouse Finance group, in the release. “We are bringing Fifth Third’s Commercial Bank resources to the mortgage industry to help our clients achieve their long-term strategic goals.”