The Texas-based financial institution said that its reasons include “changing market dynamics and a strategic evaluation of its business operations.”
Founded in 1952, Colonial Savings will concentrate on full-service banking and mortgage servicing.
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The Evolution of Digital Originations in Mortgage Lending
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 18 seconds
Colonial Savings Shutters Mortgage Origination Unit
Colonial Savings has revealed that it will exit the mortgage origination business as of July 31. So reports NEXT Mortgage News.
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