Bank Unveils New Mortgage Division - The Missourian: Business

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Bank Unveils New Mortgage Division

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Posted: Thursday, May 1, 2014 4:00 pm

Farmers & Merchants Bank, headquartered in St. Clair, formally announced a new division of the bank during a private event conducted at its main location on Thursday, April 24.

Executive Vice President and Chief Lending Officer Matthew Laumann unveiled the new mortgage brand during a brief presentation.

“We established FMB Mortgage to ensure our customers are aware that we have every possible mortgage loan product available in the market,” Laumann said. “We have great loans for purchasers, but we also have well-developed products for homeowners who wish to refinance for any reason. In short, we finance dreams.”

President and CEO Charlie Butler continued by saying that “FMB Mortgage is another element in our growth and our focus on our customers. We offer every mortgage product that any bank or mortgage company offers plus exclusive products that we created to fulfill specific needs.”

The FMB Mortgage program also features “Lock & Shop,” a proprietary product the bank developed to fulfill a specific need.

“Homebuyers can be prequalified with a guaranteed interest rate and 60 days to find the home of their dreams, all without a contract or a property identified,” Butler said. “If you want to shop for a home with the security of ‘Lock & Shop,’ you can only get it here. All of our mortgage products have highly competitive rates and terms.

“We have always been in the mortgage loan business. However, we now want our customers to know that FMB Mortgage is no longer an unnamed department within the bank. FMB Mortgage is its own entity within our bank. It is comprised of a group of highly skilled professionals, supported by state-of-the-art infrastructure, and every mortgage loan product available anywhere.

“Best of all we are better, faster, and more reliable.”

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