TIAA Bank to sell its correspondent biz to PenFed

Jun 9, 2021 |

TIAA Bank is selling its correspondent lending platform to Pentagon Federal Credit Union for an undisclosed amount of money. The deal represents the latest mortgage space exit for the Jacksonville-based financial firm. TIAA Bank has laid off more than 200 workers over the past six months as it pivots away from mortgage servicing. In 2019, […more]

Posted in: San Francisco

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