Cendant Mortgage, one of the biggest players in private-label funding, has snagged Fleet National Bank, Boston, as a client.The Mt. Laurel, N.J.-based Cendant will provide mortgage services to Fleet's customers throughout the bank's nine-state imprint. Under the alliance, which was announced Dec. 2, mortgage products with Fleet's name on them will be available to customers through the bank's 1,500 branches as well as its website. In June 2001, Fleet sold its mortgage subsidiary, Fleet Mortgage Group, Columbia, S.C., to Washington Mutual, Seattle. The bank, though, continued to fund home mortgages. Cendant is a private-label originator for several financial institutions, including Merrill Lynch.
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