FBC Mortgage LLC, Orlando, Fla., has launched a separately operated and branded loan channel called CloseQuick to provide boutique third-party origination services to community banks.
The nonbank FBC is providing wholesale, and to some extent, correspondent lending services, which are available on a private-label basis. Other support services also may be provided (if needed) to its community bank clients, according to Rob Nunziata, president and co-CEO of both FBC and CloseQuick.
“We want it to be as plug-and-play as possible,” he said.
Jacquie Freshour, who previously led the Southeast division of MetLife wholesale before that company left the business, is now leading the CloseQuick division for FBC. Several companies have said they have
Nunziata said that in addition to standard government and government-sponsored enterprise mortgages, CloseQuick will offer some jumbo products. The company is licensed in 16 states and has other licenses pending.
FBC is majority owned by its employees and but also has other investors, one of which is a community bank.
