Mortgage Loans - New Solution Speeds Up Residential Mortgage Processing

The Atlantic Bank and Trust, which is based in Charleston, South Carolina, has recently begun to expand its residential mortgage lending activities, as a result of increased customer interest. The bank has also enlisted the support of Kislak Lending Solutions for this expansion, and it is understood that the mortgages will be originated by the Bank’s staff, whilst the underwriters will liaise with Kislak Lending Solutions in order to complete the loan approval process in compliance with Federal and state regulations. Through this partnership, the Atlantic Bank and Trust will gain access to KLS’ proprietary technology solutions, its underwriting methodologies, as well as its expertise in mortgage document preparation.

Neal Arnold, the Chief Executive Officer of Atlantic Bank and Trust commented on the deal: “We have recognized a fundamental shift in our business. The changes in the banking climate have made obtaining a mortgage from a community bank like ours very attractive. Working with Kislak Lending Solutions will increase the speed and efficiency of the mortgage process, and allow us to do what we do best, serve our customers, with the peace of mind that all back-end processes are being managed by experts in the mortgage field.”

Tom Meyer, Chief Executive Officer of Kislak Lending Solutions and J.I. Kislak Mortgage, also shared his views on this deal: “For community banks, maintaining a mortgage business has become increasingly difficult with more stringent government regulations and documentation requirements, however, there is a larger demand for mortgage loans from community-based banks than ever before. Kislak Lending Solutions was launched to offer these banks the support they need to provide a mortgage solution for their customer.”