Exciting Developments at Huntington National Bank
Huntington National Bank has taken a significant step forward by launching a corporate mortgage finance business as part of its commercial banking services. This strategic move is designed to meet the unique needs of mortgage servicers and originators, offering them specialized financial solutions.
Improving Financial Services for Mortgage Professionals
This new initiative builds on the recent formation of a dedicated mortgage solutions team at Huntington. This team is focused on providing tailored cash and treasury management services to a diverse clientele, including mortgage originators, title companies, private equity firms, hedge funds, and property management organizations.
Huntington is dedicated to enhancing the mortgage ecosystem by offering capital markets, fund finance, and a variety of other products specifically designed to support these businesses.
Leadership of the Mortgage Finance Team
The corporate mortgage finance business will be led by Ken Logan, a seasoned professional with over 35 years of experience in the mortgage finance sector. Before joining Huntington as the senior managing director, Logan spent 12 years at Wells Fargo and has also shared his expertise at Signature Bank.
Tizu Menelik, the executive managing director of corporate, specialty, and government banking at Huntington, highlighted 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 Mortgage Ecosystem
Scott Kleinman, president of Huntington Commercial Bank, underscored the significance of this expansion in enhancing the bank's ability to meet the financial needs of businesses within the mortgage sector. This initiative is part of a broader strategy the bank has recently undertaken to expand its commercial banking operations.
In addition to entering the corporate mortgage finance arena, Huntington has also strengthened its commercial banking presence in various regions, including the Carolinas and Texas, while exploring new specialty areas such as fund finance and healthcare asset-based lending.
About Huntington Bancshares Incorporated
Huntington Bancshares Incorporated is a strong regional bank holding company with assets amounting to approximately $196 billion. Established in 1866 and headquartered in Columbus, Ohio, Huntington National Bank offers a wide range of banking services tailored for consumers, small to middle-market businesses, corporations, municipalities, and various organizations.
The bank operates nearly 970 branches across 11 states, providing an extensive suite of banking, payments, wealth management, and risk management products and services. For more information, 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.
