Fremont Bank Loaned More Than $4 Billion for New Home
and Refinanced Mortgages
Over 17,500 loans were made to help families save, put money back
in the local economy and stabilize the housing market
FREMONT, California - January 25, 2010 - Fremont Bank, a leading full-service community bank in Northern California, proudly financed more than $4 billion in both purchase and refinanced mortgages to over 17,500 qualified applicants in 2009, exponentially surpassing its 2008 funding volume totaling $1.08 million and 5,222 loans. Internet applications also grew at Fremont Bank from 693 in 2008 to 3,152 in 2009, and proved to be a convenient option for Bank clients.
“In a challenging economy, we are eager to help our clients find ways to make their homes more affordable by lowering their interest rate and increasing disposable income, which ultimately can be re-distributed back into our communities,” says Fremont Bank’s Vice President of Residential Lending Gary De Luca. “Our Bank’s founder had the foresight to build a strong residential lending infrastructure that other community banks do not possess. This provides our clients a trusted and proven option other than going to a big bank or a mortgage broker. Our clients enjoy the safety and security that comes with dealing with a reputable, established bank, and the local personal touch that they experience with Fremont Bank.”
In 2009, Fremont Bank made significant developments to its mortgage lending operations by launching new sales channels and new programs, such as offering FHA products, opening both a Danville and Southern California Residential Lending Center, and growing its loan officer staff to service each of the Bank’s 22 locations.
“By taking advantage of our partnerships with key investors like Fannie Mae and Freddie Mac, expanding our services and growing our mortgage lending footprint, we are in an excellent position to serve both our current and future clients’ mortgage needs,” adds DeLuca.
About Fremont Bank
Fremont Bank (www.fremontbank.com)
is the leading full-service community bank in Northern California.
Founded in 1964, Fremont Bank is one of the oldest independent family
owned and managed banks in the region and focuses on personalized
service for individuals and businesses. It serves communities through
23 branches and seven additional ATMs throughout the Greater Bay Area.
Exceptional client service is the cornerstone of Fremont Bank's business.
Accommodation of customer needs in a friendly, personal atmosphere
characterizes the bank's culture.