GRAND RAPIDS, MICHIGAN (02/06/2023) - Northpointe Bank announced today its plans to exit the correspondent lending business, while continuing strategic focus on its retail lending, mortgage warehouse financing division and its specialty loan servicing business.

Chuck Williams, President and CEO commented, “Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business. Northpointe Bank appreciates its valued client relationships and remains committed to providing superior financing solutions to its retail lending consumers and warehouse financing clients.”

About Northpointe Bank:
Northpointe Bank works to be a different kind of bank, putting you at the center of everything they do. For the past nine years, Northpointe Bank has been named as a top performing community bank out of approximately 5,000 ICBA member banks. Northpointe attributes its consistent success to a client-first approach with its residential lending and retail banking businesses. Its customers are offered more loan products, including zero down payment loans, new construction lending and personalized portfolio loans. Northpointe’s strong financial performance also is attributed to offering high-yielding savings accounts that are among the best rates in the nation*.
To learn more about Northpointe, visit www.northpointe.com