GREEN BAY, Wis., April 18, 2017 /PRNewswire/ -- Associated Bank is recognized for the fifth year for its mortgage servicing performance as part of an assessment and recognition program sponsored by Fannie Mae, the leading source of residential mortgage credit in the U.S. secondary market.
Fannie Mae recognized Associated for outstanding mortgage "general servicing" as part of its Servicer Total Achievement and Rewards™ (STAR™) Program. General servicing encompasses customer service, loan administration, and other areas.
Associated serviced approximately 62,000 Fannie Mae mortgages in 2016 with total balances in excess of $7.4 billion.
"The STAR Program provides clear objectives and specific, consistent measurements for overall servicing performance, customer service, and foreclosure prevention efforts," said Caroline Patane, vice president of the STAR Program. "The program evaluates servicers across key operational and acknowledges high achievers through annual STAR Performer recognition."
"We are honored again to have been recognized by Fannie Mae for our continued efforts and our success in assisting homeowners," said John Crandall, director of residential loan servicing for Associated's Consumer and Small Business Banking unit. "While changes continue in the financial industry, we remain focused on our customers, their needs and the overall objective of homeownership. We have the right colleagues across the enterprise to assist in this process."
Earlier this year the company attained its 8th consecutive year as Wisconsin's largest mortgage lender. Associated has significant residential mortgage lending business in Minnesota and Illinois as well.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $29 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
Contact: Cindy Lorentzen
Public Relations Specialist
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SOURCE Associated Bank