Business, Free News Articles

Fintech provider Promontory MortgagePath’s digital mortgage and fulfillment solutions receive renewed ABA endorsement

DANBURY, Conn. -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes. ABA's endorsement, dating back to 2018, recognizes Promontory MortgagePath's tech-enabled fulfillment solutions for their ability to help its members reduce mortgage origination costs while allowing them to retain a full mortgage product suite.

The endorsement and subsequent renewal are a result of ABA's thorough and ongoing due diligence process, which identifies proven, reliable solutions while saving banks time and money. When deciding whether to endorse a product, ABA engages with bank leaders to identify gaps in their current offerings and opportunities to expand services, works with industry-specific consultants and enlists ABA staff experts to guide the Request for Proposal (RFP) process and validate the research with bankers. ABA is also committed to reviewing each Endorsed Service Provider to ensure it is still providing a valuable service to ABA members and their customers.

"With Promontory MortgagePath's solution, banks can leverage their strong brand and local market knowledge while deploying a digital platform and comprehensive fulfillment services," said ABA Chief Member Engagement Officer James Edrington. "It's a 'pay-as-you-go' model, which boosts profitability and efficiency, and ABA members enjoy an exclusive 10% discount. In a recent monthly billing cycle, one ABA member alone saved $3,820."

"We've enjoyed tremendous growth in 2021, and our strategic relationship with ABA is a key contributor," said Paul C. Katz, managing director of bank relations at Promontory MortgagePath. "This momentum stems from helping our clients win in an intensely competitive mortgage marketplace with innovative tech, expansive product options and the agility to adapt to changing economic conditions. The loan is always originated and closed in the client's name, which maximizes profitability while maintaining a high-touch customer experience."

To meet ABA's standards for endorsement, a company must offer reliability, sustainability, validity, sound risk management, outstanding data and information security and rigorous quality and customer service standards. The initial due diligence process lasts six to nine months and includes analysis by industry experts and validation by bankers. In addition to the ongoing due diligence and annual reviews, ABA also publishes a due diligence report on each ABA Endorsed Provider, which includes insights gained during the due diligence process. These reports are available free of charge to ABA members.

Key features and benefits of Promontory MortgagePath's digital mortgage and fulfillment solution include:

* The proprietary point-of-sale (POS) Borrower Wallet(r), which automates document collection, provides a secure digital portal to collect and store important loan documents and delivers a transparent process to the borrower with real-time status updates;
* Fulfillment models designed to support community banks' varying origination needs;
* Milestone pricing that explicitly aligns costs with services rendered throughout the loan process;
* An in-house compliance team to ensure clients' origination activities are being executed to the highest and best mortgage compliance standards possible; and
* Access to an extensive investor network and support for existing investor relationships, resulting in increased profitability.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About American Bankers Association

The American Bankers Association is the voice of the nation's $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

Related link: https://www.mortgagepath.com/

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Alliances and Partnerships, Business, Free News Articles, Software

Mortgage Coach and Sales Boomerang accelerate lead conversion with personalized Total Cost Analysis loan presentations for every managed borrower

IRVINE, Calif. -- Mortgage Coach, the borrower conversion platform empowering mortgage lenders to deliver clear mortgage advice and lending education with the interactive Total Cost Analysis (TCA) loan comparison, today announced an integration with Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system. The integration helps convert leads identified with Sales Boomerang's opportunity alerts by enabling lenders to automatically generate accurate TCA presentations that are highly relevant to consumers' housing finance needs.

Sales Boomerang monitors customer databases on behalf of lenders to identify exactly when a prospect or past customer is ready for a new loan. By combining market intelligence - for example, factors such as interest rate changes, improved credit scores and home listings - with mortgage lenders' credit underwriting preferences, Sales Boomerang notifies lenders of high-relevancy loan opportunities. Now, through the integration with Mortgage Coach, every Sales Boomerang opportunity alert from any managed contact record automatically includes a tailored Mortgage Coach TCA that can be used in any form of client or marketing outreach.

With a single touch, loan originators can further personalize the generated loan comparison with video narration from any device, enabling professionals to instantly illustrate all benefits relevant to the borrower. This targeted, proactive loan product positioning leads to a measurable increase in speed of lead decision, selection of more profitable loan scenarios and improved committed loan conversion rates.

Centennial Bank helped shape the Mortgage Coach integration with Sales Boomerang as a trusted depository looking to increase mortgage market share across existing clients. According to Centennial Bank Mortgage Division President Keith Little, "Each month Sales Boomerang proactively identifies hundreds of people within our database who we can now help with a mortgage. By pairing that borrower intelligence with Mortgage Coach's TCA presentations, we now have an automated way of crafting highly personalized lending proposals that illustrate the financial benefits of homeownership, furthering our commitment to provide all our banking customers with long-term mortgage advice and easier access to superior lending services."

"Clearly articulating the specific benefit of a relevant, personalized lending program to newly triggered leads inspires trust and confidence that makes them more likely to transact," said Mortgage Coach President Joe Puthur. "This special innovation with Sales Boomerang gives lenders a fully automated method of providing transparent lending options at the most influential time - well before typical point-of-sale interactions occur. The integration empowers lenders to transform alert-prompted outreach into a consultative conversation by addressing a borrower's needs with the illustrated benefits of lending programs tailored to their specific financial circumstances."

"Our borrower intelligence delivers on ROI promises by excelling at identifying when a borrower is ready to transact," said Sales Boomerang CEO Alex Kutsishin. "Together, Sales Boomerang and Mortgage Coach enable lenders to deliver unparalleled proactive advice to people based on data, creating immediate sales influence for countless new loan options before the borrower is even shopping."

About Mortgage Coach:

Mortgage Coach is the only platform that allows mortgage lenders to create digital and accurate home loan comparisons for consumers. With the Total Cost Analysis presentation, lenders can create a multi-option comparison, offering the borrower a more personalized digital experience. This level of transparency has revolutionized the rate quoting and pricing process allowing borrowers to make faster, more informed mortgage decisions and ultimately, increase production and pipeline conversion for lenders of any size. For more information on how to start using borrower education as a competitive advantage, please visit http://www.mortgagecoach.com/.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value.

To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind(tm) ethos, visit https://www.salesboomerang.com.

About Centennial Bank:

Centennial Bank, a Home Bancshares (NASDAQ: HOMB) company, is a full-service financial institution with branches in Florida, Arkansas, Alabama and New York and $15 Billion in total assets. For more information, please visit https://www.my100bank.com/. Centennial Bank, Member FDIC, Equal Housing Lender, NMLS #466091, All loans are subject to credit and property approval.

Related link: https://mortgagecoach.com/

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Business, Construction and Building, Free News Articles

Infinity Financial Group Aids Kinley Construction Group with Major Stakeholder Buyout

DALLAS, Texas -- Infinity Financial Group announced its recent role as financial advisor to Kinley Construction Group, LTD. (KCG) during a majority purchase of its existing stakeholders. Jimmy Kinley, the newly-elected CEO of KCG, is now the firm's primary equity partner, along with his sister, Katherine Kinley and Rennie and Josh Crisafulli. JL Kinley, the firm's original founder, serves as Chairman of the Board and the existing shareholders maintain a minority equity.

JL Kinley, Jimmy's father, founded KCG in 1988 as a niche expansion of its parent company, Kinley Corporation - a family-owned business with more than 110 years of multi-entity operations. KCG has since become a leading industrial fueling contractor throughout the U.S., specializing in complex bulk storage facilities, loading and offloading terminals, wastewater and industrial waste systems.

In 2001, JL transferred majority ownership to a group of partners within the company. Through the recent purchase, the leadership and ownership were transitioned back to the Kinley family to drive the company forward with the next generation.

Since he was a kid, Jimmy, a sixth-generation Kinley, was involved with KCG. He worked as a project manager before leaving the company in 2018 to strategically grow the family business at the parent-company level. Now, as KCG's CEO, he brings with him an entrepreneurial-focused executive management team that includes external talents and resources and internal tenured leaders.

"We had exactly the right team of advisors who understood that this deal was more than just a business transaction. They were creative, flexible and worked through complex issues, playing a crucial role to get this deal done - an all-around great team," Jimmy said.

During the transaction, Third Coast Bank of Houston acted as the senior lender and Bell Nunnally & Martin was the leading counsel. The terms of the transaction were not disclosed.

About Kinley Construction

Kinley Construction is a nationally-recognized general contractor with a focused knowledge and working experience in the mechanical fueling industry. Construction niches are primarily in hydrocarbon products including crude oil, ethanol, LPG, NGL, condensate, jet fuel, diesel and gasoline. It's also a leader in design/build construction of hydrocarbon loading and offloading facilities in the U.S.

For more information: https://www.kinleyconstruction.com/

About Infinity Financial Group

Infinity Financial Group is the official trade name for I. F. Group, LLC, a boutique investment banking firm. It provides expert merger and acquisition (M&A) and corporate finance services to companies with revenues between $25 million and $250 million. The principals of the firm have successfully completed hundreds of millions of dollars in transaction value. Its primary clients consist of privately held, closely held and family-owned businesses. The principals are senior investment bankers with more than 25 years of professional experience.

For more information: https://ifgroup.us.com/

Related link: https://ifgroup.us.com/

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Business, Free News Articles

NJ Lenders to roll out HomeBinder home management platform

BOSTON, Mass. -- HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals, today announced that NJ Lenders has selected HomeBinder to deliver a post-closing home management experience that improves customer retention and strengthens referral partner relationships.

NJ Lenders is an independent mortgage bank that has helped more than 125,000 families in fourteen states and the District of Columbia achieve their homeownership dreams over the course of its 30 years in business. With HomeBinder, NJ Lenders will replace the three-ring binder of loan documents it has long presented to customers with a personalized, cloud-based home management platform that helps homeowners care for their home and track its value over time.

HomeBinder features include an interactive to-do list and organizational tools such as centralized document storage, maintenance history, home improvement projects, appliance models, property details and photos. The platform also keeps contact information for loan officers, Realtors and other home service providers at homeowners' fingertips throughout the homeownership journey for increased referral and repeat business.

"HomeBinder offers tremendous value as a tool today's consumer will use again and again, long after moving into the home," said Steven Grossman, owner of NJ Lenders. "Moreover, as a lender that's built our model around repeat and referral business, we love giving our Realtor referral partners an opportunity to have their brand presented alongside ours every time a consumer accesses their HomeBinder."

Added Grossman, "HomeBinder is a great tool to present to buyers at closing. We used to create literal binders to collate loan documents, insurance info and contact information for the loan officer, Realtor and attorney and then ship them out via UPS. It was a massive undertaking that required a team of interns, and it only delivered a fraction of the value of HomeBinder."

"HomeBinder makes an excellent closing gift, but it's also so much more than that," said HomeBinder Chief Strategy Officer Pete Paglia. "Mortgage companies like NJ Lenders are embracing HomeBinder as an educational tool for first-time homebuyers, a wealth-building tool for protecting the value of the asset, a customer retention tool that keeps lenders top of mind and a relationship-building strategy that referral partners will love."

For more information, reach out to sales@homebinder.com.

About HomeBinder:

HomeBinder is a home management platform that makes maintaining a home's value easy while improving relationships between homeowners and the businesses that serve them. Unlike traditional leave-behinds like business cards and refrigerator magnets, HomeBinder maintains an ongoing digital connection with homeowners as they manage their data, documents and relationships over time. Founded in 2015, HomeBinder is a venture-backed Techstars Boston '19 company headquartered in Burlington, Massachusetts. For more information, visit https://pages.homebinder.com/.

About NJ Lenders:

NJ Lenders is a leading mortgage company that is privately owned and licensed as a residential mortgage banker. Founded in 1991, the company currently originates first and second mortgage loans in NJ, NY, CT, MA, PA, DE, DC, VA, MD, NC, GA, TN, TX, CO and FL. With seven offices and over $30 billion in closed mortgage loans, many of NJ Lenders' mortgage loan originators are recognized nationally as the best in their field. For more information, visit https://www.njlenders.com.

Related link: https://pages.homebinder.com/

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Awards and Honors, Business, Free News Articles

Chelsea Groton Bank Named Top Workplace for 6th Straight Year – CEO Michael Rauh Recognized with Leadership Award

GROTON, Conn. -- Chelsea Groton Bank was recently named a Top Workplace in Connecticut for the sixth consecutive year, and Michael Rauh, the Bank's President and CEO, was presented with this year's Leadership award, both in the midsize employer category (150-499 employees).

"We've received many awards over the years, but being on the Top Workplace list during an incredibly difficult time really speaks to the resiliency and dedication of our team members. Our employees care deeply for their team, customer and community members, and focus on helping everyone accomplish their goals with a one person at a time mindset. This level of care and dedication is the reason why we were able to provide critical services to so many," shared Michael Rauh, President and CEO of Chelsea Groton Bank.

"This year we focused even more effort on ensuring inclusion and equity in every aspect of our business, and continued to provide growth, training and leadership opportunities to team members at every level. I'm also honored to be a recipient of the Leadership award, a recognition based on employee feedback, which is truly humbling and gratifying."

The annual Top Workplace Awards, sponsored regionally by the Hartford Courant, are based on the results of an employee feedback survey administered by Energage, a leading research firm that specializes in organizational health and workplace improvement. Fifteen aspects of workplace culture were measured, covering four main areas, including how well employees work together toward a common cause. Employees were asked about company values, whether new ideas are encouraged or if managers help employees learn and grow. Pay, benefits and training also are key questions.

Chelsea Groton employees noted that their contributions both in and out of the office are highly valued and that they are members of a close-knit work family. Many feel proud to perform meaningful work that improves the lives of their neighbors, and to be a part of an organization that helped so many facing difficult times during the last 18 months, including Chelsea Groton's Foundation giving over $1 Million to the community in 2020.

"We've always taken great care in selecting benefits and initiatives that contribute to our employees' health and wellbeing, and that's never been more important than with the personal and professional challenges and changes brought forward due to the pandemic," said Anne Wilkinson, SVP, Chief Human Resources Officer at Chelsea Groton Bank. "When teams were largely remote, we held virtual get-togethers, Zoom fitness classes, and employee appreciation days to keep our workforce engaged. As more people came back to the office, we offered safe opportunities for outdoor gatherings, such as ice cream socials at area creameries. We've also done our best to be flexible and understanding when it comes to personal circumstances related to the pandemic, like individual health, childcare needs, and caring for aging family members. We're thrilled our team felt our efforts to accommodate needs and show appreciation."

While Chelsea Groton offers traditional benefits for employees, the Bank also provides employees the opportunity to partake in a variety of continual education programs, and offers the Grow, Launch, and Lead leadership programs for team members at every level within the organization. Team members are invited to participate in a wellness program designed with incentives to track and challenge participants in physical, mental, and financial well-being. Community volunteerism, donations and supply drives have also always been a driving factor in bringing the team together.

Leadership Award

Michael Rauh has been President and CEO of Chelsea Groton Bank since December 2010. Over the last decade, he has not only led the Bank through the expansion of product, service and technology offerings, but he has emphasized a commitment to supporting each individual customer's needs and goals, and dedicating time and resources to the education and development of team members at every level. In addition to being honored with the Leadership Award, Rauh was also recently named Citizen of the Year by the Chamber of Commerce of Eastern Connecticut, and has led Chelsea Groton Bank to be named "Top Workplace" by the Hartford Courant and "Best Bank" by readers of The New London Day for six consecutive years, to be listed by Forbes as one of America's Best-In-State Banks, and to earn a 5-Star "Superior" rating for financial strength by BauerFinancial for over 25 consecutive years.

About Chelsea Groton Bank

Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1.5 billion in assets. Chelsea Groton Bank's products and services include consumer banking, business banking, mortgage and business lending, cash management, financial planning and financial education programs. With 14 branch locations throughout New London County and a Loan Production Office in Hartford County, Chelsea Groton Bank also provides online and mobile banking, 24-hour telephone banking, and nationwide ATM banking for individuals, families and businesses.

To learn more, please visit https://www.chelseagroton.com/. Member FDIC. Equal Housing Lender. NMLS Institution ID 402928.

Related link: https://www.chelseagroton.com/

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Business, Economic Development, Free News Articles, Regional Events

Chelsea Groton Bank, in Partnership with NCDC and GNACC, Offers Free Business Seminars for Local Entrepreneurs

GROTON, Conn. -- Chelsea Groton Bank kicks off their 5-week "Cultivating Great Business: Small Business Bootcamp" on October 5, 2021. The FREE small business series, designed for aspiring and established entrepreneurs, is offered through the Bank's financial education program, Chelsea University, in partnership with the Norwich Community Development Corporation (NCDC) and the Greater Norwich Area Chamber of Commerce (GNACC). Participants will walk away with a wealth of knowledge and a strong foundation for starting or growing a business.

"Chelsea Groton Bank is passionate about helping turn dreams into realities for businesses of all types. In addition to providing custom financial solutions, we proudly offer informational programs throughout the year to arm business owners with the tools they need to be successful," shared Miria Gray, AS, Community Education Officer at Chelsea Groton Bank. "As so many business owners learned in 2020, it is critical for businesses to have their financial house in order and to be able to market their services. We'll discuss these topics and more throughout the series."

The instructor-led curriculum was developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA). Each class will be delivered by Chelsea Groton Bank team members and local professionals to provide aspiring or current small business owners a practical introduction to aspects of starting and managing a business.

All classes will be offered in person and via Zoom on Tuesdays from 12-1 PM at Chelsea Groton's Westside Branch, 444 West Main Street, Norwich, and Thursdays from 6-8 PM at Foundry 66, 66 Franklin Street, Norwich, from October 5 - November 4.

Class topics are: Is Owning a Business Right for You?, Banking Services, Business Plans, Time Management, Organizational Types, Tax Planning and Reporting, Record Keeping, Small Business Insurance, Risk Management, Social Media Marketing, Financial Management and Cash Flow, and an opportunity to Chat with the Experts.

Community members are invited to register for individual classes or the entire series. Registration is required in order to have accurate in-person headcounts and to receive log-in credentials if attending via Zoom.

To learn more and to register, visit http://www.chelseagroton.com/ChelseaUniversity.

About Chelsea Groton Bank

Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1.5 billion in assets. Chelsea Groton Bank's products and services include consumer banking, business banking, mortgage and business lending, cash management, financial and investment planning and financial education programming. With 14 branch locations throughout New London County and a Loan Production Office in Hartford County, Chelsea Groton Bank also provides online and mobile banking, 24-hour telephone banking, video banking, and nationwide ATM banking for individuals, families and businesses.

To learn more, please visit http://www.chelseagroton.com/. Member FDIC. Equal Housing Lender. NMLS Institution ID 402928.

Related link: https://www.chelseagroton.com/

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Business, Free News Articles, Real Estate

U.S. Properties Group Brings Chase Bank to The Streets of Indian Lake, Hendersonville, Tennessee

HENDERSONVILLE, Tenn. -- U.S. Properties Group (USPG), owner of The Streets of Indian Lake lifestyle center in Hendersonville, Tennessee, announces the opening of the Chase Bank (Chase). Chase offers more than 4,700 branches and 16,000 ATMs nationwide. This new state-of-the-art Chase location has all the latest amenities Chase has to offer and is a wonderful addition to The Streets of Indian Lake's vast array of national and local retailers and restaurants.

"The Streets" has captivated the community since it's completion in 2008 and the major renovation of the central plaza space in 2019 has attracted additional tenants and neighboring businesses. The property's revitalization enhances and refreshes what was strategically developed more than ten years ago and has been embraced by the community as the Nashville area's premier shopping, dining, and entertainment destination!

Gord Wiebe, Director of USPG states: "We are excited to announce the addition of Chase just 30 steps from our main complex entrance. When we invested in one of the area's premier centers, we aimed high to be the innovative leader in the Nashville area. We are committed to the community, and we are changing with the times to remain in the forefront in outdoor shopping center development."

Cynthia Hicks, Senior Vice President of Leasing for USPG adds: "We are thrilled with the beautiful Chase branch and look forward to announcing new additions to the tenant mix at The Streets of Indian Lake soon. Engaging the community and acquiring new, exciting and innovative tenants is our goal - we welcome all to shop, dine, relax and enjoy all The Streets has to offer."

About The Streets of Indian Lake:

The Streets of Indian Lake in Hendersonville, Tenn. - Nashville North was the first and only Lifestyle Center in the 50-mile area. Conveniently located off route 65 in north Nashville, amid inviting gathering spots, wide sidewalks and convenient parking in close proximity to individual shops and eateries, The Streets offers a unique range of over 30 premium shops, spas, and restaurants, such as Sam's Sports Grill, Victoria's Secret, Regal Cinemas, Barnes & Noble, Bink's Outfitters, SkinWorks Wellness & Aesthetics, Chico's, LOFT, and much more. For more tenant information, deals and events, visit https://www.streetsofindianlake.com/.

About U.S. Properties Group:

U.S. Properties Group owns approximately three million square feet. Redeveloping shopping centers in 10 states and managing over 350 tenant relationships, USPG covers the Midwest and Southeast United States, which includes Alabama, Georgia, Illinois, Michigan, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia. Founded to create value and realize the "Upcycling" of shopping center assets, USPG acquires developments, renovates, and manages property to enhance values while restoring community marketplaces with best-of-class tenants and services. For more information visit https://www.uspginc.com/.

About Chase:

JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Bank One Corporation in 2004 and later acquired the deposits and most assets of Washington Mutual. Chase offers more than 4,700 branches and 16,000 ATMs nationwide. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had their assets of $2.49 trillion in 2016. For more information, visit https://www.chase.com/.

CONTACTS

For all Leasing inquiries:

Cynthia Hicks, SVP Leasing & Development
U.S. Properties Group
800 Columbiana Drive
Irmo, SC 29063
803.429.4300
chicks@uspginc.com

For all Property Management and Construction inquiries:

Sharon Chapman, Director of Property Management
U.S. Properties Group
800 Columbiana Drive
Irmo, SC 29063
803.407.4555
schapman@uspginc.com

MULTIMEDIA:

*PHOTO link for media: https://www.Send2Press.com/300dpi/21-0728s2p-sil-chase-300dpi.jpg

*Caption: This new state-of-the-art Chase Bank location has all the latest amenities Chase has to offer and is a wonderful addition to The Streets of Indian Lake in Hendersonville, Tenn.

Related link: https://uspginc.com/

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Alliances and Partnerships, Business, Free News Articles

NAMMBA Announces Partnership with MCT

ORLANDO, Fla. -- The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with San Diego based Mortgage Capital Trading (MCT®). The relationship is an important step in both company's efforts to affect positive change - addressing the housing needs of underserved communities as well as encouraging and developing a more diverse work force in the mortgage sector.

"We're extremely excited to partner with MCT, the gold standard for secondary capital markets," said NAMMBA Founder/CEO Tony Thompson, CMB. "Like us, MCT believes in the power of diversity and inclusion and wants its team members to reflect the communities in which it does business. It's gratifying to have MCT's support at our highest sponsorship level."

Specifically, the partnership provides MCT consulting and recruiting resources, as well as access to a network of like-minded mortgage bankers. NAMMBA will tap into MCT's deep secondary expertise. Already, MCT has participated in round tables, webinars, and helped shape NAMMBA's most recent industry survey.

"Through our award-winning MCTlive! technology platform, we're consistently fueling innovation and change within mortgage capital markets. We believe our partnership with NAMMBA is in this same vein," said Curtis Richins, MCT President and CEO. "We are committed to moving the needle with regard to diversity, inclusion, and equality."

According to NAMMBA, over the next five years, 75 percent of all first-time home buyers will be women, millennials or people of color. Although there is concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, it's changing. NAMMBA's most recent mortgage market forecast, the three largest diverse borrower groups (Asians, African-Americans, and Hispanics) generated more than $292 billion of purchase opportunity in 2020, which amounts to 24.2 percent of all purchase dollar opportunities.

About NAMMBA

The National Association of Minority Mortgage Bankers of America is a purpose-driven organization that is dedicated to the inclusion of minorities and women in the mortgage industry who are advocates for sustainable homeownership in local communities. To fulfill its mission, NAMMBA provides programs and initiatives to introduce minorities and women into the mortgage industry, including recruiting, advisory, networking and training for enterprises and individual professionals. For more information, visit: http://www.nammba.org

About MCT:

Founded in 2001, Mortgage Capital Trading, Inc. (MCT) is the industry's leading provider of fully-integrated capital markets services and technology. MCT offers an array of best-in-class services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, mark to market services, and an award-winning, comprehensive capital markets software platform called MCTlive!. MCT supports independent mortgage bankers, depositories, credit unions, warehouse lenders, and correspondent investors of all sizes. Headquartered in San Diego, California, MCT also has offices in Philadelphia, Healdsburg, and Texas. For more information, visit https://mct-trading.com/ or call (619) 543-5111.

Related link: https://mct-trading.com/

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Business, Free News Articles, Real Estate

Chelsea Groton Bank Proudly Offers Homebuyer Assistance Program for Persons with Documented Disabilities

GROTON, Conn. -- Chelsea Groton Bank is pleased to partner with the Connecticut Housing Finance Authority (CHFA) to help borrowers with documented disabilities to purchase their first home, through the Home of Your Own Program.

The Home of Your Own Program allows borrowers to be eligible for a low-interest rate loan and down-payment assistance if the borrower or a live-in family member of the borrower has a documented disability.

"Keeping in line with our commitment to assisting all qualifying persons to achieve homeownership, we are thrilled to be able to offer a program specifically for the members of our community who overcome challenges each day due to a documented disability. We look forward to supporting the borrowers and their loved ones as they purchase a first home," shared Matt Morrell, VP, Retail Lending Manager at Chelsea Groton Bank. "As the leading mortgage lender in Eastern Connecticut, we're committed to preparing people to buy a home when it makes good financial sense for them. This program offers financial assistance and ensures, by requiring borrowers to attend a homebuyer class, that first time homeowners are prepared to accept the responsibility of homeownership."

In addition to providing the disability documentation, borrowers must be a first-time homebuyer or have not owned a home in the past three years, and the home must be the borrower's primary residence. Borrowers must qualify for the program and attend a free Homebuyer Education course prior to closing. Eligible properties may include existing single family homes, multi-unit, condominiums, townhouses and new construction.

Chelsea Groton offers many additional affordable lending programs to the community through partnerships with Veterans Administration, Federal Housing Administration (FHA), US Department of Agriculture (USDA) and down payment assistance and grant programs, including FHLB Equity Builder, HDF SmartMove, and CHFA DAP.

Please visit https://www.chelseagroton.com/ for more information and to contact a lender about specific eligibility requirements.

About Chelsea Groton Bank

Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1.4 billion in assets. Chelsea Groton Bank's products and services include consumer banking, business banking, mortgage and business lending, cash management, financial planning and financial education programming. With 14 branch locations throughout New London County and a Loan Production Office in Hartford County, Chelsea Groton Bank also provides online and mobile banking, 24-hour telephone banking, and nationwide ATM banking for individuals, families and businesses. To learn more, please visit chelseagroton.com. Member FDIC. Equal Housing Lender. NMLS Institution ID 402928.

Related link: https://www.chelseagroton.com/

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Business, Free News Articles, NonProfit and Charities

Pete du Pont Freedom Foundation Receives $200,000 Grant from Barclays

WILMINGTON, Del. -- The Pete du Pont Freedom Foundation has received an additional $200,000 from Barclays US Consumer Bank to support the statewide expansion of the Foundation's Equitable Entrepreneurial Ecosystem (E3). As part of the grant, $50,000 will be allocated to fund a comprehensive research study on Black and Brown entrepreneurs and their economic impact in Delaware.

Developed through an initial $100,000 grant from Barclays and in partnership with the Wilmington Alliance, E3 was launched in March 2020 to help entrepreneurs accelerate their businesses by providing a process where experienced advisors create a clear, supportive, and sustainable pathway to success that includes a comprehensive support structure for the entrepreneur.

"Through our citizenship and CRA activities, Barclays is steadfastly committed to building deep ties into the communities where we live and work," said Adam Ahmad, Community Reinvestment Act Relationship Manager, Barclays US Consumer Bank. "We view the E3 initiative as a unique opportunity for Barclays to have a positive impact on the community by building a more equitable ecosystem for diverse entrepreneurs and giving them the tools they need to succeed."

Through E3's Statewide and Regional Committees, a team of experts work together to identify, vet, and incubate small businesses, with an emphasis on supporting Black and Brown entrepreneurs. E3 complements and works in tandem with the Foundation's Reinventing Delaware program to create conditions for successful entrepreneurs and innovators across all communities.

With the successful completion of the Foundation's E3 pilot in Wilmington and the launch of the E3 pilot in Dover, Barclays is further investing in the program to support its statewide expansion. Additionally, the Foundation has just wrapped up its first open application cycle in New Castle County. Businesses selected to move forward will be announced by the end of June.

Barclays' support for this program is part of its Citizenship strategy focused on employability and helping businesses create jobs, as well as the bank's Community Reinvestment Act (CRA) plan.

For more information about E3, visit http://www.petedupontfreedomfoundation.org/.

About the Pete du Pont Freedom Foundation

The Pete du Pont Freedom Foundation is a 501(c)(3) nonprofit organization whose mission is to bring to life bold and innovative ideas that create jobs and make Delaware a better place to live, work and raise a family. The Foundation is committed to carrying out the legacy of the late former Governor Pete du Pont by focusing on the opportunities for success in Delaware. To learn more, visit http://www.petedupontfreedomfoundation.org/.

About Barclays

Barclays U.S. Consumer Bank is a leading co-branded credit card issuer and financial services partner in the United States that creates highly customized programs to drive customer loyalty and engagement for some of the country's most successful travel, entertainment, retail and affinity institutions. The bank offers co-branded credit cards, small business credit cards, installment loans, POS Finance, online savings accounts, and CDs. For more information, please visit http://www.barclaysus.com/.

Barclays is a British universal bank. We are diversified by business, by different types of customer and client, and geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group. For further information about Barclays, please visit http://www.barclays.com/.

Related link: http://www.petedupontfreedomfoundation.org/

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