ABA endorses new mortgage program through sun trust.

• Position: AROUND THE ABA - Sun Trust Mortgage Inc. - American Bankers Association - Brief article

THE ABA, THROUGH ITS SUBSIDIARY CORPORATION FOR AMERICAN BANKING, has endorsed a new solution within its ongoing relationship with Sun Trust Mortgage--the Emerging Market Banker program.

Bankers may use the program to sell mortgage loans to Sun Trust as a correspondent lender, yet with these added benefits and parameters:

* The Emerging Banker Division is 100 percent nondelegated;

* Banks utilize approved fulfillment centers to ensure additional compliance safety on each transaction; and

* The EBD offers conventional products, both conforming and jumbo. No FHA or VA products are available.

"This program will help bankers serve their customers' mortgage financial needs and--for some--allow them to continue offering mortgage loans in their community," says William Kroll, executive vice president, Corporation for American Banking. "ABA...