Kislak Organization has re-entered residential mortgage market by opening two new divisions focused on residential consumer mortgages and providing back-office mortgage services to community banks and other lenders across the state of Florida and the broader South East region of the US.
Kislak entities will simultaneously launch two offerings; JI Kislak Mortgage, a direct lender and Kislak Lending Solutions (KLS), a wholly owned subsidiary of JI Kislak Mortgage, which already provides turnkey loan fulfillment services to Kislak’s lending activities and other customers including builder-owned mortgage firms and community banks.
Kislak Mortgage will focus initially on retail loan origination in the Southeast US, while providing ‘private label’ wholesale lending services to a very select number of mortgage lending businesses and end-to-end loan fulfillment services to community banks.
Meyer, CEO of Kislak Mortgage, said: “We believe that there is significant opportunity for a well capitalized, well managed, and customer driven mortgage lender in today’s market. Consumers still need access to capital, still need smart lenders who can help them buy the homes of their dreams, and Kislak will once again be that company.
“Community banks often lack the back-office expertise to provide cutting edge mortgage lending solutions in their markets. By working with Kislak Lending Solutions, these local financial institutions will have the same access to top-flight mortgage services as the major national lenders, without the expense associated with developing these skills in-house.”