Establishing servicing signifies commitment to life-of-loan customer service experience.
Regions Bank on Tuesday announced its Real Estate Capital Markets division, a diversified multifamily and commercial real estate lender, has now begun servicing the loans it has originated.
“Already, clients recognize Regions Real Estate Capital Markets as a source of customized financial guidance and solutions tailored to meet the needs of the businesses we serve,” said Troy Marek, head of Real Estate Capital Markets for Regions Bank. “Now, by directly servicing Real Estate Capital Markets loans throughout their lifespan, we’re offering a more seamless client experience and valuable opportunities to work with customers on new and evolving needs. This further differentiates Regions in the market, and it sets the stage for additional growth moving forward.”
The Regions Real Estate Capital Markets servicing portfolio includes loans previously originated by Regions’ Real Estate Capital Markets Group as part of the following programs:
- Fannie Mae Delegated Underwriting and Servicing (DUS) Conventional
- Fannie Mae Delegated Underwriting and Servicing (DUS) Small Loans
- Freddie Mac Optigo® Small Balance Loans
- Freddie Mac Optigo® Conventional
- Commercial Mortgage Backed Securities (servicing only)
The loans in the servicing portfolio are financing or refinancing assets categorized as multifamily, affordable housing, workforce housing, senior housing, student housing, manufactured home communities, and credit facilities.
“Throughout our work with clients, we never lose sight of the fact that these financing solutions support important developments, including housing communities that address the needs of many people,” said Vartan Derbedrossian, fulfillment and servicing manager for Regions Real Estate Capital Markets. “By expanding our work to including servicing, we are further strengthening life-of-loan relationships in ways that will help us meet even more needs for clients moving forward.”
Regions Real Estate Capital Markets serves clients with a comprehensive suite of agency financing solutions, meeting a range of borrower needs. Solutions span agency options for acquisition, refinance, bridge, and construction financing. The group’s loan products serve borrowers and properties across all major multifamily real estate asset types.
Regions Real Estate Capital Markets’ lending operations are powered by SNAP™, a technology-driven platform that automates and enhances customer relations across the life-of-loan process, from loan origination through servicing. SNAP leverages tools including real-time commercial property financing scenarios, seamless online loan applications, and technology for tracking loan progress through deal closure, and supporting servicing.
Regions Real Estate Capital Markets is a Morningstar rated Commercial Mortgage Primary Servicer with a CS2 ranking and Commercial Mortgage Special Servicer with a CS3 ranking, an S&P Global rated Commercial Mortgage Loan Special Servicer with an average ranking, as well as a Fitch rated Commercial Primary Servicer with a CPS2 rating and Commercial Special Servicer with CSS3+ rating.
Information on Regions Real Estate Capital Markets’ comprehensive multifamily and commercial real estate loan programs can be found in the Real Estate Capital Markets section of Regions.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $155 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Regions Real Estate Capital Markets Group
Regions Real Estate Capital Markets is a diversified commercial real estate lender that keeps borrowers and brokers ahead of the curve with comprehensive debt solutions encompassing agency options. SNAP®, the lender’s proprietary technology platform, supports origination and servicing while enhancing the customer experience. For more details, visit Commercial Real Estate Financing | Capital Markets | Regions Bank.
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Contacts
Media Contact:
Jennifer Elmore
Regions Bank
Regions News Online: regions.doingmoretoday.com
Regions Media Line: (205) 264-4551