Huntington Expands Corporate Mortgage Finance Business
Huntington National Bank has broadened its commercial banking offerings by integrating a new corporate mortgage finance business. This strategic move is part of Huntington's commitment to providing comprehensive financial solutions to mortgage originators and servicers.
Specialized Financial Services
The move follows the establishment of a specialized team dedicated to offering custom cash and treasury management services. These services cater specifically to mortgage-related businesses, including title companies, private equity firms, hedge funds, and other real estate entities. Such specialization allows Huntington to meet the unique needs of clients within the mortgage ecosystem.
Leadership and Team Expansion
Leading this new corporate mortgage finance business is Ken Logan, a seasoned professional with over 35 years of experience in mortgage finance, including significant roles at Wells Fargo and Signature Bank. This leadership aims to deliver tailored funding and liquidity solutions for mortgage businesses.
Strategic Growth Initiatives
This addition is part of Huntington's ongoing growth strategy, which includes expanding its commercial banking footprint in regions like the Carolinas and Texas. Moreover, the bank has launched new specialty verticals such as fund finance, healthcare asset-based lending, and Native American financial services.
Commitment to the Mortgage Sector
Huntington's expansion highlights its dedication to the mortgage sector, offering a suite of services backed by experienced leaders who deeply understand the industry's needs. As executive managing director Tizu Menelik notes, the bank aims to provide "best-in-class capabilities" for mortgage originators and servicers.
About Huntington Bancshares
With assets totaling $196 billion, Huntington Bancshares Incorporated is a leading regional bank headquartered in Columbus, Ohio. Established in 1866, it operates around 970 branches across 11 states. The bank offers a wide range of products and services, from banking and payments to wealth management and risk management, catering to diverse clients from individuals to large corporations.
