Customers Bank Ranked Among Top Producing Mortgage Lenders by Pennsylvania Housing Finance Agency for Fourth Consecutive Year

Rhea-AI Summary

Customers Bank has been acknowledged as a top-10 lending partner by the Pennsylvania Housing Finance Agency (PHFA) for the fourth consecutive year, ranking 6th overall, up from 7th last year. Additionally, the bank secured the top position in the Loans to Minority First-time Homebuyers category. Three CRA loan officers were recognized for their contributions, with Vice President Elsie Maduro being highlighted as PHFA's third top producer. The rankings reflect the total volume of PHFA home loan closings from over 80 lending partners in Pennsylvania.

Positive

• Ranked 6th overall and 1st in Loans to Minority First-time Homebuyers in Pennsylvania.
• Recognition of loan officers demonstrates strong performance in community lending.
• Commitment to enhancing homeownership among residents contributes to long-term wealth building.

Negative

• None.

For the fourth year in a row, Customers Bank was recognized by the Pennsylvania Housing Finance Agency as a top-10 lending partner. Customers Bank placed 6th overall, advancing from 7th in the previous year. And for the fourth consecutive year, Customers Bank was ranked as the #1 lender in the Loans to Minority First-time Homebuyers category.

All three of the bank’s CRA loan officers, Elsie Maduro, Crystal Weston and Rosa Hernandez, were recognized as top producing originators. Elsie Maduro, Vice President, Senior CRA Loan Officer at Customers Bank, was recognized as PHFA’s third top producer for having 53 of her 205 closed loans being PHFA mortgages.

“Everyone at Customers Bank is very proud of our team’s effort and continued commitment to helping Pennsylvania residents achieve homeownership as that is also an important step along the path to building personal wealth,” said Sam Sidhu, Vice Chairman and Chief Operating Officer of Customers Bank. “We have a long track record of helping families and individuals recognize their dream of homeownership. Our partnership with PHFA is essential to us, and being recognized as a top mortgage originator and the number one minority lender in Pennsylvania for the fourth consecutive year demonstrates the dedication of all of our Team Members to support the communities we serve."

More than 80 lending partners with hundreds of mortgage originators across Pennsylvania participate in the program. The rankings were based on the total volume of closings for PHFA home loans throughout the year. PHFA held a virtual event on May 6 to recognize its annual homeownership awards recipients.

Customers Bank realizes that every real estate purchase has its own financial characteristics. The bank offers numerous mortgage programs to assist everyone from first-time homebuyers to individuals and families seeking to purchase their dream home.

To learn more about Customers Bank and its products and services, please visit www.customersbank.com.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at March 31, 2021. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Additional information can be found on the company’s website, www.customersbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210603005185/en/

FAQ

What ranking did Customers Bank achieve from PHFA in 2023?

Customers Bank ranked 6th overall in the PHFA lending partner rankings in 2023.

How many years in a row has Customers Bank been recognized by PHFA?

Customers Bank has been recognized for four consecutive years by the PHFA.

Who was recognized as the top lender for minority first-time homebuyers?

Customers Bank was ranked as the #1 lender in the Loans to Minority First-time Homebuyers category for the fourth year in a row.

What is the significance of the recognition by PHFA for Customers Bank?

The recognition signifies Customers Bank's strong commitment to supporting homeownership in Pennsylvania and highlights their performance among a competitive group of lenders.

What date was the PHFA annual homeownership awards event held in 2023?

The PHFA annual homeownership awards event was held virtually on May 6, 2023.