Quaint Oak Bank Announces the Addition of QO Direct to its Award Winning Quaint Oak Mortgage, LLC

Rhea-AI Summary

Quaint Oak Bank, a subsidiary of Quaint Oak Bancorp (OTCQB: QNTO), has been recognized as one of the ‘Fastest Growing Companies’ in the Lehigh Valley for the sixth consecutive year. The Mortgage Company ranked tenth among thirty qualifying companies, reflecting significant growth in 2020 despite pandemic challenges. Furthermore, Quaint Oak Mortgage launched 'QO Direct,' an innovative remote application program enabling nationwide service with a comprehensive e-Close solution for various closing types.

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• Ranked tenth among thirty companies for fastest growth, marking the sixth consecutive year of achievement.
• Launch of 'QO Direct' expands service capabilities to a multi-state level, enhancing convenience for customers.

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• None.

SOUTHAMPTON, Pa., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Quaint Oak Bank, the wholly-owned subsidiary of Quaint Oak Bancorp, Inc. (OTCQB: QNTO), announced that the Bank’s wholly owned subsidiary, Quaint Oak Mortgage, LLC has again achieved the designation of one of the “Fastest Growing Companies” in the Lehigh Valley as designated by Lehigh Valley Business. The Mortgage Company has received this award for an astounding six years in a row. The Mortgage Company place tenth in a field of thirty companies who qualified for the award. The award was granted in recognition of increased volume during the year 2020 while operating in the depth of the pandemic. Quite an achievement.

Additionally, the Mortgage Company has recently launched “QO Direct”. This remote residential application program is a state of the art, automated application process that is intended to expand the Mortgage Company’s field of service to a multi-state level. QO Direct delivers modern convenience with a fully integrated e-Close solution supporting traditional, hybrid, and all-digital closings.  By leveraging this technology, Quaint Oak Mortgage can now transact with customers across the country regardless of the customer’s physical location.

Quaint Oak Bancorp, Inc. is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly owned subsidiary of Quaint Oak Bancorp, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank’s subsidiary companies include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC, Quaint Oak Real Estate, LLC and Oakmont Commercial, LLC. Additionally, the Bank holds a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.

Contact
Quaint Oak Bancorp, Inc.
Quaint Oak Bank
Robert T. Strong, President and Chief Executive Officer
(215) 364-4059

FAQ

What recognition has Quaint Oak Mortgage received recently?

Quaint Oak Mortgage has been named one of the 'Fastest Growing Companies' in the Lehigh Valley for the sixth consecutive year.

How has Quaint Oak Bank adapted to the pandemic?

Despite the pandemic, Quaint Oak Mortgage achieved increased volume in 2020 and launched the 'QO Direct' program for remote applications.

What is 'QO Direct'?

'QO Direct' is a remote residential application program that offers an automated application process and a fully integrated e-Close solution for customers across the country.

What is the parent company of Quaint Oak Bank?

Quaint Oak Bancorp is the parent company of Quaint Oak Bank.

What markets does Quaint Oak Bank serve?

Quaint Oak Bank operates in the Delaware Valley, Lehigh Valley, and Philadelphia markets.