Ameris Bank Ranked Top 10 Mortgage Provider

Rhea-AI Summary

Ameris Bank, a subsidiary of Ameris Bancorp (Nasdaq: ABCB), has been ranked among the Top 10 banks in the U.S. for retail mortgage volume in Q1 2024. This achievement, highlighted by National Mortgage News, is based on data from the Federal Financial Institutions Examination Council. Despite industry declines, Ameris Bank saw an 8% increase in mortgage dollar volume, attributed to expert counsel, quick underwriting decisions, and competitive mortgage rates. Ameris operates 164 financial centers across the Southeast, managing $25.7 billion in assets as of March 31, 2024, and offers a variety of home loan and refinancing options.

Positive

• Ameris Bank ranked among the Top 10 U.S. banks for retail mortgage volume in Q1 2024.
• Achieved an 8% increase in mortgage dollar volume despite industry declines.
• Offers expert counsel, quick underwriting decisions, and competitive mortgage rates.
• Operates 164 financial centers across the Southeast.
• Manages $25.7 billion in assets as of March 31, 2024.
• Provides a range of home loan and refinancing options.

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• None.

ATLANTA, May 31, 2024 /PRNewswire/ -- Ameris Bank ranked among the Top 10 banks in the U.S. for the largest retail mortgage volume in the first quarter of this year, according to data reported by National Mortgage News today. The industry data was cited from quarterly call reports from the Federal Financial Institutions Examination Council.

"I credit our strong mortgage origination volume to our team of professionals who offer expert counsel, quick mortgage underwriting decisions, and attractive mortgage rates and programs," said Ameris Mortgage President Robert Odom. "In a season when many financial institutions saw a decline in mortgage business, I am particularly pleased that we posted an 8 percent increase in mortgage dollar volume in the first quarter. We stand ready to help consumers reach their dreams of homeownership across the many markets that we serve."

Ameris Mortgage offers a range of home loans and refinancing options, along with a variety of first-time buyer and downpayment assistance programs.

About Ameris Bank
Ameris Bank, a subsidiary of Ameris Bancorp (Nasdaq: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia. Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $25.7 billion in assets as of March 31, 2024, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

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SOURCE Ameris Bank

FAQ

What is Ameris Bank's ranking in retail mortgage volume?

Ameris Bank is ranked among the Top 10 banks in the U.S. for retail mortgage volume as of Q1 2024.

How much did Ameris Bank's mortgage dollar volume increase in Q1 2024?

Ameris Bank's mortgage dollar volume increased by 8% in Q1 2024.

What factors contributed to Ameris Bank's increase in mortgage volume?

Expert counsel, quick underwriting decisions, and competitive mortgage rates contributed to the increase.

How many financial centers does Ameris Bank operate?

Ameris Bank operates 164 financial centers across the Southeast.

What is the asset management figure for Ameris Bank as of March 31, 2024?

Ameris Bank manages $25.7 billion in assets as of March 31, 2024.

What range of services does Ameris Bank offer?

Ameris Bank offers traditional banking, lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services.