ABA endorses SunTrust Mortgage for correspondent lending products.

• Position: American Bankers Association - Brief article

THE AMERICAN BANKERS ASSOCIATION--through its Corporation for American Banking subsidiary--has endorsed SunTrust Mortgage Inc. to offer ABA members an outlet to sell mortgage loans on advantaged terms. SunTrust's mortgage correspondent channel creates liquidity for banks originating mortgage loans by purchasing the loans that banks might otherwise keep in portfolio.

This alliance will allow ABA member banks access to a full array of SunTrust's mortgage products.

"SunTrust's exceptional mortgage program allows smaller banks to continue to offer a robust mortgage lending program by providing portfolio liquidity," says William Kroll, executive vice president of ABA's Corporation for American Banking. "The solutions endorsed by ABA, like SunTrust Mortgage, are intended to help our members increase revenue and profit and...