First Federal of Lakewood has launched its new division, First Federal Lending, marked by the opening of residential lending offices in Westerville, Ohio, and Solon, Ohio.
Both the offices will focus primarily on the sale of residential loan products.
The First Federal Lending Columbus office, previously known as Market Street Lending, is a former correspondent residential lender with First Federal of Lakewood.
The company’s six employees, comprised of four loan originators and two support personnel, are now employees of First Federal of Lakewood and will focus on mortgage loans throughout the state of Ohio.
Gary Fix, president, CEO and managing officer of First Federal of Lakewood, said: Despite the current economic climate, we remain steadfast in our commitment to the housing market in Ohio. As other lenders exit the market, or pull back, we see opportunities to grow our residential loan business which is one of our core areas of expertise.