New AHB Unit Specializes in CTP Loans

American Home Bank NA, Mountsville, Pa., has announced the opening of a Correspondent Lending Division that will specialize in the construction-to-permanent loan market.The new division, to be headed by senior vice president Brad La Salle, will service national and regional mortgage bankers who need customized CTP loans for borrowers and builders, the bank said. A new automated online platform, ConstructionMac, customizes the draw schedule to a builder's building schedule and "simplifies, streamlines, and accelerates the entire funding process by coordinating the loan structuring, underwriting, closing, and construction servicing into a seamless operation," according to AHB. Mr. La Salle said the division enables lenders "to expand their new home financing business without having to invest in internal CTP processes and training." The bank can be found online at http://www.bankahb.com.