Union Bank Forms Mortgage Subsidiary

SUNRISE, FL-Union Bank, a locally owned and managed bank that provides significant commercial real estate lending in South Florida, has jumped into the multifamily market with the formation of Union Bank Mortgage Corp, which will handle multifamily as well as single-family properties. The subsidiary offers 227 home loan programs, including conventional, fixed, variable and a variety of specialty loans.

Loan specialists for the subsidiary are located in Broward, Miami-Dade and Palm Beach counties in South Florida. Loan specialists also can meet applicants at other locations, and applicants can apply online. “The opening of Union Bank Mortgage Corp. is a natural progression for our business,” according to Russ Holland, chief lending officer for Union Bank who will oversee the new subsidiary. “We offer our customers a full array of financial services, which now includes competitive home loans.”