Franklin Synergy Bank Receives Fannie Mae Seller/Servicer Approval
FRANKLIN, Tenn., Sept. 11, 2018 /PRNewswire/ -- Franklin Financial Network, Inc. (NYSE: FSB) (the "Company"), the parent company of Franklin Synergy Bank (the "Bank"), today announced that the Bank has received Fannie Mae seller/servicer approval. This distinction allows the Bank to retain mortgage servicing rights, realize pricing advantages and expand product offerings, as well as to sell and pool loans into mortgage-backed securities. Fannie Mae's technology solutions for seller/servicers also make the loan process more efficient by making it faster and less complicated.
Richard Herrington, Chairman, President and Chief Executive Officer, commented, "While the Bank is already a current Freddie Mac seller/servicer, the Fannie Mae approval strengthens our commitment to the community as one of the top providers of mortgages in Middle Tennessee. We are excited to be working with Fannie Mae and to offer our customers the opportunity for more-competitive products and pricing."
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About the Company
Franklin Financial Network, Inc. is a financial holding company headquartered in Franklin, Tennessee. The Company's wholly owned bank subsidiary, Franklin Synergy Bank, a Tennessee-chartered commercial bank founded in November 2007 and a member of the Federal Reserve System, provides a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $4.17 billion at June 30, 2018, the Bank currently operates through 14 branches and one loan production office in the growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial-100 Index, the FTSE Russell 2000 Index and the S&P SmallCap 600 Index, is available at www.FranklinSynergyBank.com.
Contact:
Sarah Meyerrose
EVP, Chief Financial Officer
(615) 236-8344
[email protected]
SOURCE Franklin Financial Network, Inc.
Related Links
http://www.franklinsynergybank.com
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