Fannie Mae Announces Neighborhood Loans as an Approved Lender

Designation Establishes the Mortgage Lender's Elite Credentials

CHICAGO, Dec. 7, 2018 /PRNewswire-iReach/ -- Neighborhood Loans, a Lombard, IL-based residential mortgage lender, has experienced another year of impressive growth in 2018. Adding to the unprecedented development, the firm recently received the highly sought-after designation of Fannie Mae approved lender.

Fannie Mae is a government-sponsored enterprise that helps Americans enjoy the benefits of homeownership by purchasing and guaranteeing large blocks of home loans from the secondary mortgage market. Fannie Mae's Seller/Servicer approval allows Neighborhood Loans to directly fund, own, and service Fannie Mae loans. The key features of this new designation include fewer restrictions on loan approval, reduced turnaround times and more competitive mortgage rates.

"Our company has made a concerted effort to grow our lending capabilities and this approval from Fannie Mae is a testament to the continued dedication of our team," said Reno Manuele, President of Neighborhood Loans. "We are thrilled to be working together with Fannie Mae in creating our shared vision of a better mortgage process."

This is yet another achievement in a long list of milestones for Neighborhood Loans. The company was recently named one of America's Top Mortgage Employers by The National Mortgage Professional Magazine and also holds the distinction for being a five-time honoree of INC 5000's Top 5000 Fastest Growing Companies in the Nation. The mortgage lender was also placed in the top 10 on Crain's Fast 50 list in 2017 and awarded best place to work for minorities by the publication in the same year.

Bringing various components of the mortgage loan process in-house has allowed Neighborhood Loans to streamline the mortgage process to better service the needs of its clients. The Fannie Mae approval only serves to help Neighborhood Loans continue to make the dream of home buying a reality for its customer base.

About Neighborhood Loans

Neighborhood Loans is a Residential Mortgage Lender utilizing a business model aimed at educating and enabling consumers in a rapidly changing market. It is this very business model that has helped this company realize unparalleled success since its inception in 2005. With locations in Lombard, Bucktown and Chicago South Side, the company offers in-house processing, underwriting, closing and marketing throughout the entire Chicago metropolitan area. For more information, visit https://neighborhoodloans.com

Company: Neighborhood Loans

Address: 55 22nd St #130, Lombard, IL 60148

Phone: (630) 246-4777

Email: info@neighborhoodloans.com

Maps: https://goo.gl/maps/NBWjth7vdwE2

YouTube: https://www.youtube.com/watch?v=3xqS1ooD8hU&feature=youtu.be

Media Contact: Reno Manuele, Neighborhood Loans, (630) 246-4777, reno@neighborhoodloans.com

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SOURCE Neighborhood Loans



2018

Categories

Business, Money


Tags

Banking & Financial Services, Licensing


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