Community banks are definitely en vogue and are a mostly untapped sector. They bring with them new opportunities and openings for growth. The marriage of a financially sound community bank and a sophisticated mortgage banking platform seem ideal. Concerns of warehouse lines, non usage fees, capacity and restrictions would be gone. The banker could bring a new strong revenue stream and if done right they could really make some nice music together.
My hunch is we will see some of these unions sprouting in the coming months, and it will be interesting to see how these take shape. We have come across interested parties on both sides of the deal, and we hope to help play matchmaker with some....Keep an eye out!!!