A new national correspondent lender has launched.
Taylor, Bean & Whitaker Mortgage Corp. announced the establishment of its correspondent lending group division, based in Florence, S.C., with 50 employees nationwide.
"Our new Correspondent Lending Group was created for our lenders who want to make more loan sales and higher profits, and eliminate the burden and cost of loan servicing," said Chairman Lee B. Farkas in the written statement.
The correspondent division will utilize the imaging capabilities, Web site and customer service network of its Florida-based parent and will be headed by Doug Miller as executive vice president, according to the announcement.
Taylor, which claims to be "the 12th largest wholesale lending business nationwide," said it closes $25 billion in mortgages annually.