The impact of the banking industries’ tumult has been tremendous across the board, and Comerica Bank of Dallas, Texas is taking an emphatic stance by organically exiting its mortgage banker financing business. With the stakes high even in a recovering economy, financial institutions must take stock of the long-term effects this tumultuous period has had, and navigate their future with mindful steps to ensure a sustainable future.
In a time when financial institutions are performing their due diligence and evaluating their various offerings, it is no surprise that Comerica Bank would choose to focus their resources on their core competencies and begin the organic process of exiting the mortgage banker financing business. With renewed commitments to remaining profitable, centered by an eye on the conditions of the banking industry, Comerica Bank has demonstrated their desire to proactively make decisions that safeguard the long-term.
The most important elements of this text include:
• Comerica Bank of Dallas is organically exiting its mortgage banker financing business
• The banking industry is facing tumult and financial institutions are evaluating their offerings
• Comerica Bank is choosing to focus their resources on their core competencies so as to remain profitable in the long-term
You can read this full article at: https://www.housingwire.com/articles/comerica-bank-to-organically-exit-warehouse-lending/(subscription required)
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