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CapWest Mortgage Expands its Secondary Market Operations
Online mortgage company to enter Wholesale and Mini-Correspondent markets
OVERLAND PARK, KS (August 13, 2013) — Overland Park-based CapWest Mortgage, a Division of Farmers Bank & Trust, is expanding its secondary market objectives to include wholesale and mini-correspondent programs, in addition to its comprehensive Third Party Origination program.
“The success of both our retail and third party origination operations has been abundant,” said Monte Robbins, President & CEO of CapWest Mortgage. “The timing is perfect to round out our portfolio and enter the wholesale and flow markets; doing so will further strengthen our financial standing as we move forward in this new, higher-rate environment.”
Through its new wholesale program, CapWest Mortgage will partner with community banks and credit unions across the country, offering no-hassle underwriting and closing services and mitigating overall lending risk. Its mini-correspondent program will allow CapWest to infuse instant liquidity into banks and credit unions for an outlet for delivery of agency-quality closed loans.
“In addition to the TPO options, we have begun a lender fulfillment program with HELOC and Fixed Rate Second Lien programs. We are confident that our ability to originate and deliver performing assets to banks and credit unions in need of earning assets will support a market with existing needs but few providers” said Robbins. “And with fewer overlays, competitive pricing and dedication to client service, our wholesale operation is sure to attract attention among financial institutions seeking a loyal mortgage partner.”
CapWest Mortgage continues to offer Third Party Origination services, which include on-site sales and operations training in addition to marketing consulting. To inquire about any of these programs, please contact Tony Thole, Director of TPO for CapWest Mortgage, at 913-378-9009 or tthole@capwestmortgage.com.
About CapWest Mortgage
CapWest Mortgage is a division of Farmers Bank & Trust, which is a 106-year old family-owned bank that originates conventional, FHA, VA, and HomePath® loans across the nation through its bank’s charter. CapWest Mortgage is committed to offering financial solutions that help our clients manage their money and meet their financial goals. Visit us online at CapWestMortgage.com. HomePath® is a registered trademark of Fannie Mae.