Bank / Credit Union

Fifth Third Bank intros service for mortgage bankers

September 29, 2022

Fifth Third Bank has launched Mortgage Warehouse Finance to support independent mortgage bankers. The service will originate or aggregate residential mortgage loans between banks and non-depository mortgage lenders. It will then hold the loans in a "warehouse" from the time of funding until they are sold, according to a press release.

The bank will also provide its Mortgage Financial Connect platform to allow customers to gain access to same-day funding.

"We offer our clients a full banking relationship, industry expertise and technology to deliver excellence in daily execution and consistency through business cycles," Donnie Martin, group head of Mortgage Warehouse Finance at Fifth Third, said in the release. "We're bringing the resources of Fifth Third's Commercial Bank to the mortgage industry to help our clients achieve their long-term strategic objectives."