Charleston, S.C.-based Atlantic Bank and Trust has selected Kislak Lending Solutions (KLS), a division of J.I. Kislak Mortgage LLC, to provide turnkey loan fulfillment services.
Atlantic Bank and Trust, which also has branches in Myrtle Beach, S.C., and Savannah, Ga., reports increased consumer demand for residential mortgage lending.
‘We have recognized a fundamental shift in our business,’ says Neal Arnold, CEO of Atlantic Bank and Trust. ‘The changes in the banking climate have made obtaining a mortgage from a community bank like ours very attractive.’
The bank's staff will originate the mortgage, then its underwriters will work with KLS to approve and close the mortgage loan. KLS will also assist the bank in ensuring its activities are compliant with federal and state regulations.
Atlantic Bank and Trust will have access to KLS' proprietary technology solution, underwriting methodology and document preparation.
Atlantic Bank and Trust is the second bank to use the services of KLS. First Bexley Bank in Columbus, Ohio, also works with KLS.
SOURCE: The Kislak Organization