State Savings Bank in Traverse City announced that – unlike nearly all other major banks in northern Michigan – its mortgage loans continue to be serviced locally.
FOR IMMEDIATE RELEASE
Traverse City, MI – August 23, 2017 – State Savings Bank in Traverse City announced that – unlike nearly all other major banks in northern Michigan – its mortgage loans continue to be serviced locally.
After closing, most lenders will transfer or sell the Traverse City mortgage loan for servicing outside the area. “Mortgage servicing” is an industry term which refers to where your loan payments are made and processed.
State Savings Bank doesn’t sell or transfer mortgage servicing. The loan stays here in northwest Michigan, helping to create and keep local jobs. And home loan customers can count on fast, local response to any questions about their mortgage.
“Since the very beginning, State Savings Bank has offered local servicing for our Traverse City mortgage customers,” said Tom Riedel, senior underwriting manager at State Savings Bank. “It’s a testament to the hard work of the loan servicing team and the bank’s commitment to personal service.”
The State Savings Bank Traverse City Loan Center is located at 416 E. Front Street in Traverse City, Michigan.
The phone number is 231-943-2543.
Are you looking for a Traverse City Bank?
State Savings Bank offers a wide range of mortgage financing including:
• Fixed Rate Mortgages
• ARMs (Adjustable Rate Mortgages)
• Zero Down Payment Mortgages
• Construction Loans
• Second-Home Mortgages
• Home Equity Loans
About State Savings Bank
State Savings Bank was established in Frankfort in 1901. The bank has loan centers in Traverse City, Gaylord and Grayling, and banking offices in Frankfort and Empire. The State Savings Bank mortgage team is committed to closing loans faster than any other financial institution in northern Michigan.
For more information, visit www.ssbankmi.com or email onlinessbankmi.com.