San Jose, CA (PRWEB) October 10, 2013 -- Western Bancorp, a San-Jose based company providing tech-driven wholesale mortgage lending services, today announced its further expansion into the Western United States with the opening of its Western regional processing center in Rancho Cordova, California.
The new center will serve as the company’s headquarters for production operations staff. Operations including underwriting, document preparation and funding will be led by mortgage industry veteran Lynne Kielty.
Sharon Bitz, head of wholesale lending, continues to lead the expansion into several Western States, beginning with Washington, Oregon and Idaho. Bitz has named Michele Catoire Northwest Regional Manager. Catoire will lead sales and the recruiting of Account Executives and high-performing mortgage brokers in the Pacific Northwest.
“Everyone knows how challenging today’s lending environment can be,” said Bitz. “Today, brokers need a lending partner who is committed to wholesale and proves it through growth and investment. We’ve invested in experienced operations staff and innovative technology to ensure we provide brokers with the service levels they need to succeed today and in the future.
The company’s proprietary loan management system, LMS Xpress, was recently launched for use by mortgage brokers. The system was designed to enable brokers to work with speed and simplicity to close loans quickly in today’s highly regulated lending environment. Enhancements to the LMS Xpress platform will enable instant loan processing, faster broker on-boarding and secure document management.
“We’re seeing a renaissance in wholesale lending,” said Western Bancorp CEO Rick Soukoulis. “The mortgage industry is cyclical and mortgage brokers are returning as an important consumer resource for loan products and industry knowledge. While some banks exit the wholesale business, we will continue to expand services for Western Bancorp’s business partners throughout the Western US.”
About Western Bancorp
Western Bancorp is a San Jose based mortgage company serving borrowers in the Western U.S. for home purchase and refinance loans. Western Bancorp includes wholesale and retail lending divisions and also produces loan management system automation technology (LMS Xpress).
The company offers a large selection of loan products, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARMs), Home Equity Loans, Mortgage Refinancing, Jumbo loans and more at competitive rates. Western Bancorp began with the goal of creating a better loan source for California borrowers and continues that goal in expanding into Western states including Washington, Oregon, New Mexico, Colorado, Arizona, Idaho, Nevada and Utah.
Charles Warnock, Western Bancorp, http://www.westernbancorp.com/, +1 (408) 440-4025, [email protected]
Share this article