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Fifth Third Mortgage Company’s Servicing Portfolio Tops $65 Billion

""Fifth Third Mortgage Company"":http://www.53.com/mortgage, a subsidiary of Fifth Third Bank headquartered in Cincinnati, recently broke $65 billion in terms of its total servicing portfolio for the first time in company history.


""To reach the $65 billion threshold is an incredible feat, especially with the economic downturn that we've just been through,"" said Bob Lewis, president of Fifth Third Mortgage Company. ""We're grateful of the 38,000 customers that we've added this past year selected Fifth Third Mortgage Company to help get their piece of the American Dream.""

The company says it owes part of its success to its Web site, which provides information about loan options and includes mortgage tools, including a home valuation model and an affordability calculator, to help determine monthly mortgage payments.

The company, which services more than 477,000 customers in 12 states, works with customers to refinance homes through the Making Home Affordable program. In addition, since the Freddie Mac Relief Refinance Mortgage program began in 2009, Fifth Third Mortgage Company has refinanced more than 23,500 mortgages totaling nearly $4 billion.

About Author: Heather Cernoch


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