Huntington Expands Commercial Banking with New Mortgage Sector
New Advancements in Huntington National Bank's Offerings
The Huntington National Bank has made a significant move by launching a corporate mortgage finance business as part of its commercial banking services. This strategic addition aims to cater to the specific requirements of mortgage servicers and originators, providing them with specialized financial solutions.
Enhancing Financial Services for Mortgage Professionals
This new initiative follows the establishment of a specialized mortgage solutions team at Huntington. This group focuses on delivering customized cash and treasury management services to a range of clients, including mortgage originators, title companies, private equity firms, hedge funds, and property management entities.
Huntington is committed to supporting the mortgage ecosystem, offering capital markets, fund finance, and various other products tailored to meet the needs of these businesses.
Leadership Steering the Mortgage Finance Team
The corporate mortgage finance business will be directed by Ken Logan, a seasoned expert in mortgage finance, boasting over 35 years of industry experience. Prior to joining Huntington as the senior managing director, Logan spent 12 years at Wells Fargo and contributed his expertise at Signature Bank.
Tizu Menelik, the executive managing director of corporate, specialty, and government banking at Huntington, expressed the bank's commitment by stating, "We have built a broad set of best-in-class capabilities to serve mortgage originators and servicers backed by highly experienced leaders who uniquely understand clients' needs."
Strengthening the Framework of the Mortgage Ecosystem
Scott Kleinman, president of Huntington Commercial Bank, emphasized the importance of this expansion in enhancing the bank's ability to support the financial needs of businesses within the mortgage environment. This initiative is one of many the bank has undertaken recently to broaden its commercial banking operations.
In addition to its foray into the corporate mortgage finance sector, Huntington has also enhanced its commercial banking presence in other regions, including the Carolinas and Texas, while developing new specialty areas such as fund finance and healthcare asset-based lending.
About Huntington Bancshares Incorporated
Huntington Bancshares Incorporated represents a robust regional bank holding company with assets totaling approximately $196 billion. Founded in 1866 and headquartered in Columbus, Ohio, Huntington National Bank provides a comprehensive array of banking services designed for consumers, small to middle-market businesses, corporations, municipalities, and various organizations.
The bank operates around 970 branches across 11 states, offering an extensive suite of banking, payments, wealth management, and risk management products and services. To learn more, visit Huntington.com.
Frequently Asked Questions
What is the purpose of Huntington's new corporate mortgage finance business?
The new corporate mortgage finance business aims to provide tailored funding and liquidity solutions for mortgage originators and servicers.
Who leads the new mortgage finance team at Huntington?
The team will be led by Ken Logan, a professional with over 35 years of experience in the mortgage finance industry.
What services does Huntington offer to mortgage servicers?
Huntington provides customized cash management, treasury services, capital markets, and fund finance solutions to mortgage servicers and originators.
How does Huntington's expansion affect its market reach?
This expansion, along with other regional growth initiatives, strengthens Huntington's presence in the mortgage finance sector and enhances its service offerings.
Where can I find more information about Huntington Bancshares?
More information about Huntington Bancshares can be found on their official website, Huntington.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Unlocking Cloud Mining with MasHash: A Beginner's Guide
- Discover the Benefits of Cloud Mining with MasHash Today
- Unlock Efficiency with DocVilla's Customizable EHR Solutions
- Exploring the Surge of IoT in Banking and Financial Services
- MetaCene Drives Innovation with New MAK Token Following Funding
- Smoothie Market Growth Predicted with Exciting Innovations
- Positive Momentum in Russian Stocks Reflects Sector Gains
- New Housing Development for Vulnerable Women Opens in Quebec
- Joubert Law Firm Teams Up with LSU Star Chris Hilton Jr.
- Exploring the Growth of the Regtech Market with AI Innovations
Recent Articles
- Swiss Helvetia Fund Announces $0.129 Quarterly Distribution
- Market Downtime: Job Data Sparks Concerns for Investors
- Former American Airlines Mechanic Sentenced for Drug Smuggling
- Market Fluctuations Amid Rising Unemployment in the US
- Bunzl's Upgrade Signals Strong Investment Potential
- California's New Hemp Regulations: Industry Concerns Unveiled
- Investing Insights: Limbach's Upgrade to Strong Buy Status
- Sony's PS5 Price Hike: What This Means for Gamers Worldwide
- Lennar Recognized Among Top Workplaces in Southern California
- Investigation Opportunity for Transocean Ltd. Shareholders
- Membrane Separation Technology Market Growth to Reach $90.6B
- Precipio's Strategy to Reprice Employee Stock Options
- Revolutionizing Spinal Cord Injury Recovery with ExoPTEN
- Senseonics to Showcase Innovative Diabetes Tech at Conference
- Freshpet, Inc. Welcomes New COO with Inducement Grant
- Apellis Pharmaceuticals Issues Equity Awards to New Hire
- Foresight Autonomous Holdings Faces Nasdaq Compliance Challenges
- NASA Celebrates Inspiring Women in Space History
- Codexis Implements Employment Inducement Strategy to Attract Talent
- University of Pittsburgh's Korion Health Earns $1M Hult Prize
- Lifecore Biomedical Secures Executive Grants to Fuel Growth
- Lennar Corporation Recognized as Top Workplace in SoCal
- Relay Therapeutics Unveils RLY-2608 Data Presentation Plans
- Investigation Launched by Law Firm into Owlet, Inc. (OWLT)
- Vertex Inc. to Share Insights at Goldman Sachs Event Soon!
- Vaxcyte Closes $1.5 Billion Offering to Propel Vaccine Innovation
- Innovative Steps by TC BioPharm to Combat Monkeypox Outbreak
- Pheton Holdings Ltd Successfully Completes Initial Public Offering
- Uncovering Accounting Issues at Super Micro Computer: A Deep Dive
- MaxLinear, Inc (MXL): Investigation into Shareholder Claims
- Dyne Therapeutics Under Investigation: How Investors Are Affected
- Spire Global Investors Encouraged to Join Class Action Lawsuit
- Cansortium Inc. Engages Directors in Innovative Debt Settlement
- Investigation Launched into Acadia Healthcare Company Claims
- Hyzon Moves Forward with Reverse Stock Split for Growth
- Investigation Launched into Transocean Ltd. After Recent Sale
- Investigation into Bank Of Montreal Highlights Key Concerns
- Potential Legal Actions for Endeavour Silver Corporation Investors
- Mynaric AG Update: Investigation Launched by Legal Firm
- Methode Electronics Investors: Join Class Action for Recovery
- Latest FDA Updates on Medical Devices and Public Health
- Syndax Pharmaceuticals Announces New Inducement Stock Grants
- Upcoming Remedies in Google's Antitrust Search Case
- GameStop's Latest Options Trade Yields $550K Windfall
- Trump's Social Media Platform Suffers Massive Financial Losses
- Market Responses to Economic Uncertainty and Fed Decisions
- Understanding VistaGen's Recent Upgrade to Buy Rating
- Independent Bank Corp. Sees Significant Upsurge in Ratings
- Amagi Showcases Cutting-Edge Live Production Innovations
- Nexe Innovations Addresses Market Activity and Business Insights