FNB Southeast, Reidsville, N.C., has announced that it will establish a wholesale division of its mortgage subsidiary, FNB Southeast Mortgage Corp., in Greensboro, N.C., later this month.FNB Southeast said the division will initially have 12 employees and will work with independent mortgage brokers in the Carolinas, Virginia, Tennessee, Georgia, and Maryland to package and sell qualifying mortgage loans to investors. "Creation of the new division will allow us to expand the variety and quality of mortgage services we offer," said Ernest J. Sewell, president and chief executive officer of FNB Financial Services Corp., the parent company of FNB Southeast.
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