BofI Federal Bank Launches Single Family Agency Mortgage Products Through Its Wholesale Mortgage Lending Channel
SAN DIEGO, CA--(Marketwired - Dec 21, 2015) - BofI Federal Bank ("BofI" or the "Bank"), the nationwide bank subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), announced that it has launched single family agency mortgage products through its wholesale lending channel. BofI Federal Bank has expanded its product suite for its wholesale customers to include loans that are eligible for sale to both Fannie Mae and Freddie Mac.
Offering a wide array of products through an efficient, digital technology platform, BofI Federal Bank provides mortgage brokers with a streamlined process accessible via web portal and a fully integrated loan origination system. BofI Federal Bank's third party lending website (https://www.bofifederalbank.com/home-loans/third-party-lending) gives its partners access to products, pricing and secure loan document submission with the ability to track loan progress and real time status.
About BofI Holding, Inc. and BofI Federal Bank
BofI Holding, Inc. ("BOFI") is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $6.3 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. BofI Holding, Inc.'s common stock is listed on the NASDAQ Global Select Market under the symbol "BOFI" and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index. For more information on BofI Federal Bank, please visit bofifederalbank.com.
