Professional Mortgage Appointed As Correspondent

Posted by Orb Staff on April 17, 2009 No Comments
Categories : Commercial Mortgage

sional Mortgage Co. has been appointed mortgage correspondent for StanCorp Financial Group's (The Standard) commercial mortgage lending program, as well as for Lafayette Life Insurance Co. The Standard is a provider of employee benefits and retirement plan products headquartered in Portland, Ore., while Lafayette Life is a mortgage investor headquartered in Lafayette, Ind., with total invested assets exceeding $1.86 billion. The Standard's commercial mortgage program specializes in making loans ranging in size from $500,000 to $5 million. Professional Mortgage, as correspondent, is charged with seeking new lending business for The Standard. Meanwhile, the company's access to Lafayette's competitive terms on institutional quality projects enhances Professional Mortgage's ability to provide borrowers with mortgage capital access and structure, says the employee-owned mortgage banking firm. SOURCE: Professional Mo

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