With a bank acquisition that it completed last year, KeyCorp has plans to significantly boost the volume of its single-family loan originations.
In 2006, Cleveland- based KeyCorp acquired First Niagara Finance Group. Included in the sale was a mortgage operations hub in the Buffalo, New York area.
At a recent investor presentation, a KeyBank executive noted that the company could double its mortgage production by closing just one $250,000 mortgage a month in each of its 1,200 branches.
Source: Mortgage Daily