Leader Bank Ranks At The Top For Purchase Mortgages In Massachusetts
Leader Bank Ranks at the Top for Purchase Mortgages in Massachusetts in 2014
Banker & Tradesman has ranked Leader Bank, N.A. #1 in the state for purchase mortgages for single family homes, multi-family homes, and condos in 2014 within the bank category. This is a testament to Leader’s strong residential lending division, which closed an impressive $1.3 billion last year to reach this achievement.
Leader Bank also made the jumbo loan category last year, coming in at #2, just after Wells Fargo, for number of purchased money jumbo loans, surpassing many of the area’s largest banks. In 2014, the bank made 339 jumbo loans totaling $215.7 million.
“Leader Bank has become a leader in the mortgage industry due to our competitive rates, innovative products, and first class service,” said Sushil K. Tuli, Leader Bank’s President and CEO. “We are proud of our accomplishments in 2014 and plan to retain our high ranking for years to come.”
As business continues to grow, Leader Bank has responded by adding a number of experienced loan officers to their residential lending department, and opening a new mortgage office in South Boston. Leader Bank will continue to explore opportunities to expand its residential lending platform as the mortgage market evolves.
About Leader Bank
Leader Bank is a nationally chartered bank with over $850 million in assets headquartered in Arlington. Leader Bank is a nationally chartered bank founded in 2002 with six full-service branches in Arlington, Belmont, Burlington and Cambridge. Leader Bank offers a full range of personal and business banking products including free personal and business checking accounts, commercial and residential lending products, home equity lines of credit, deposit products with highly competitive rates and free online banking and bill payment services.
Visit Leader Bank’s website at www.leaderbank.com or stop by any of our convenient branch locations: East Arlington at 141 Massachusetts Avenue, Arlington, MA 02474; Arlington Center at 449 Massachusetts Avenue, Arlington, MA 02474; Arlington Heights at 1201 Massachusetts Avenue, Arlington MA 02476; Belmont at 363 Pleasant Street, Belmont, MA 02478; Burlington at 50 Mall Road, Suite 110, Burlington, MA 01803 and Central Square at 675 Massachusetts Avenue, Cambridge, MA 02139. To contact Leader Bank, please call our toll free number 877-691-7900.
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