= Members Only Content
NEWS RELEASE
July 13, 2010
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com
ABA, WELLS FARGO EXPAND OFFERING TO ABA MEMBERS
WASHINGTON – Business Solutions, an affiliate of the American Bankers Association, has selected Wells Fargo Funding as its newest mortgage solutions provider for secondary market sales of residential mortgages. Under the terms of the agreement, Wells Fargo Funding will offer eligible ABA member banks a full range of products and services.
Since 2007, Wells Fargo Funding and Community Bank Mortgage LLC, an ABA subsidiary, have maintained a successful relationship that enabled the LLC owner banks to take advantage of preferred terms. Now all eligible ABA banks have the opportunity to enhance their competitive position in the marketplace though participation in this new alliance.
"Through our relationship with Community Bank Mortgage LLC, we have built strong relationships with a select group of community bankers by providing them with competitive mortgage products and services. We're thrilled to expand that opportunity by providing mortgage solutions to all eligible ABA members as a Business Solutions preferred investor," said Brian Handal, senior vice president of Wells Fargo Funding.
"We're pleased to add Wells Fargo to our Mortgage Solutions offerings. Through our relationship with them as a secondary market investor in Community Bank Mortgage LLC, we know that Wells Fargo is dedicated to serving community banks. Now all eligible ABA member banks can take advantage of the strong Wells Fargo offerings," said Business Solutions President William Kroll.
For more information on the ABA/Wells Fargo Funding relationship, contact Jerry Sebold at 202-663-7540 or jsebold@aba.com.
About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees. The majority of ABA's members are banks with less than $165 million in assets. Learn more at www.aba.com.
About Business Solutions
Business Solutions offers ABA members competitive products and innovative solutions selected by bankers for bankers that will help you save money, build customer relationships and improve your bottom line. Our unmatched, value-added products and services in Mortgage Solutions, Payment Solutions, Capital Markets, and Commercial Lending & Business Banking will minimize your expenses, maximize your bank's performance and, in many cases, offset your ABA dues.
About Wells Fargo Funding Inc.
The correspondent business line of Wells Fargo Home Mortgage operates through Wells Fargo Funding, Inc., which is a subsidiary of Wells Fargo Bank, N.A. Wells Fargo Funding is one of the nation's largest correspondent lenders. It has a client base of more than 1,000 banks, thrifts and mortgage lenders in all 50 states.
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