NorStates Bank Taps HomeBridge for Mortgage Originations

NorStates Bank in Waukegan, Ill., has selected HomeBridge Financial Services to provide origination of residential mortgage loans.

The $432 million-asset bank said the HomeBridge Affinity Mortgage Platform will give its customers access to the same range of mortgage products that are available at large, national banks.

"The HomeBridge platform includes locally based mortgage loan originators who are well known within our housing community, along with the ability to offer competitive rates and resources," Matt Tilton, an executive vice president at NorStates, said in a news release.

The nonbank lender HomeBridge offers the product to help banks and credit unions avoid hiring and paying staff to handle originations, processing, compliance and regulatory systems, HomeBridge said.

HomeBridge funded $6.4 billion in residential mortgages in 2014.

NorStates Bank, a unit of Northern States Financial, operates eight branches in Illinois.