The Kislak Organization has opened two new divisions focused on sourcing residential consumer mortgages and providing back-office mortgage services to community banks and other lenders. The company will be re-entering the residential mortgage market, initially, with store-front offices in Florida and the Southeast.
Kislak is launching two offerings: J.I. Kislak Mortgage LLC, a direct lender; and Kislak Lending Solutions LLC (KLS), a wholly owned subsidiary of J.I. Kislak Mortgage that provides turnkey loan fulfillment services to Kislak's lending activities and other customers.
J.I. Kislak Mortgage will focus initially on retail loan originations in the Southeast, while providing private-label wholesale lending services to a select number of mortgage lending businesses and end-to-end loan fulfillment services to community banks.
SOURCE: Kislak