The $207 billion-asset Fifth Third said in a press release that the business is being run by Donnie Martin, who was named group head of mortgage warehouse finance, and team of Dallas-based lenders.
Martin previously served as director of warehouse lending at Texas Capital Bank, according to his LinkedIn profile.
Warehouse lending is a financing arrangement between banks and companies that originate or aggregate residential mortgage loans. The division will provide financing that sets up interim liquidity until a loan is sold or securitized.
“Our resources and focus on relationships position us to provide solutions to our clients’ most pressing business problems,” Kevin Lavender, Fifth Third’s head of commercial banking, said in the release. “We can collaborate to deliver value for today’s independent mortgage bankers’ business.”
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