THE SAVINGS BANK was recently recognized by Banker & Tradesman as the #1 Lender in Wakefield for 2013. Joining in the celebration, front row from left: Kathleen Beaulieu, senior vice president – retail lending and Cristina Picanco, administrative assistant. Back row, from left: Melody Silveira, loan processor; Christine Bombaci, vice president – retail lending; Courtney Miano, underwriter; Jeff D’Alessandro, assistant vice president – senior loan originator and Jamie Devou, loan processor.
WAKEFIELD — The Retail Lending Department at The Savings Bank has been recognized by Banker & Tradesman as the No. 1 Mortgage Lender for 2013 in Wakefield. The well-respected banking publication indicated this recognition was based on the number of loans closed on one- to four-family owner-occupied homes, as well as home equity and commercial real estate loans. TSB was also the No. 1 lender in Wakefield for 2012. According to Banker & Tradesman data, The Savings Bank ranked at the top of more than 200 lenders who serviced the Wakefield area in 2013. The Savings Bank has a North Reading location a 6 Washington St. The Savings Bank closed 122 loans during the year in Wakefield, totaling more than $31.3 million. Of the 122 loans, 28 represented purchase mortgage loans totaling more than $8.1 million, and 94 non-purchase mortgage loans totaling $23.1 million. The bank’s successful First Time Home Homebuyer Program closed 46 loans for $14.5 million in 2013, 10 of which were in Wakefield, according to Kathleen M. Beaulieu, senior vice president – retail lending officer. Wakefield loans closed through this program totaled $3,107,200. “The First Time Homebuyer program at The Savings Bank has been a tremendous success since it was launched in 1993,” Beaulieu said. “The bank has closed 577 First Time Homebuyer Loans since 1993, representing $127 million. This program is a great addition to the extensive lending portfolio at The Savings Bank. “We are honored to be recognized again by Banker & Tradesman and we are grateful to the homebuyers, homeowners and commercial property owners who chose The Savings Bank as their lender.” For information about the mortgage lending program offered by The Savings Bank, call the Retail Lending Department at The Savings Bank at 781-246-0400 or visit the website at www.tsbawake24.com.
