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Wholesaler Launches in Southeast

Mortgage News

A Florida-based firm that claims to be one of the biggest mortgage bankers in the Southeast has launched a wholesale business. A former MetLife Home Loans executive is heading the new division.

CLOSEQuick Mortgage opened for business two months ago, according to an announcement from the Orlando, Fla.-based company. It describes itself as “a boutique wholesale lender.”

The product lineup includes conventional conforming loans, jumbo mortgages and construction-to-permanent financing. Government lending programs include mortgages insured by the Federal Housing Administration, guaranteed by the Department of Veterans Affairs and guaranteed by the Department of Agriculture.

Business will be generated throughout the Southeast, and Community banks will be targeted. The wholesale platform will provide clients with origination software, processing, underwriting and closing “with minimal expenses and limited compliance risk.”

Jacquie Freshour was recruited to lead CLOSEQuick as division manager. She previously led MetLife’s southeast wholesale division.

“My staff and I have worked together for many years and we want to pass on our knowledge and capabilities to those we partner and build relationships with,” Freshour said in the news release.

CLOSEQuick is a division of FBC Mortgage LLC, which says it is “one of the Southeast’s largest mortgage bankers.”

FBC previously reported that it originated $463 million during 2010.

FBC recently disclosed plans to increase its staff by around 45 people over the next year.

“Business has been brisk exceeding our initial estimates,” FBC Chairman and Co-Chief Executive Officer Joe Nunziata said in the statement.

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