GREEN BAY, Wis., April 22, 2016 /PRNewswire/ -- Associated
Bank (NYSE: ASB) has been recognized for its 2015 mortgage
servicing performance as part of an assessment and recognition
program sponsored by Fannie Mae, the leading source of residential
mortgage credit in the U.S. secondary market.
For the second consecutive year, Fannie Mae recognized
Associated for outstanding mortgage "general servicing" as part of
its Servicer Total Achievement and Rewards™ (STAR™) Program.
General servicing encompasses customer service, loan administration
and other areas.
Associated serviced approximately 63,000 Fannie Mae mortgages in
2015 with total balances in excess of $7.5
billion.
The company was similarly recognized in 2012 and 2013 as part of
previous Fannie Mae industry performance evaluation and recognition
programs.
"Our STAR Program supports the industry by establishing a
transparent and formal framework to evaluate servicers for their
competency, capacity, and overall performance," said Kurt Reheiser, Fannie Mae's vice president –
servicer performance solutions.
"While we continue to evolve our processes to meet the many
challenges within the financial industry, it is clear we have the
right attention on what is needed to be a best-in-class servicer,"
said John Crandall, director of
residential loan servicing for Associated's Consumer and Commercial
Banking unit. "Our main goal has always been and remains
keeping customers in their homes."
Crandall added that the recognition reflects a group effort as
the criteria extends over numerous functional areas of Associated.
"We are proud to accept this recognition on behalf of all of the
colleagues who helped make this happen."
Earlier this year the company attained its 7th
consecutive year as Wisconsin's
largest mortgage lender. Associated has significant residential
mortgage lending business in Minnesota and Illinois as well.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE:
ASB) has total assets of over $28
billion and is one of the top 50 publicly traded U.S. bank
holding companies. Headquartered in Green
Bay, Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from over 200 banking locations serving more than 100 communities
throughout Wisconsin, Illinois and Minnesota, and commercial financial services
in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal
Housing Lender, Equal Opportunity Lender and Member FDIC. More
information about Associated Banc-Corp is available at
www.associatedbank.com.
Contact: Cliff
Bowers
Senior Vice President | Public Relations
Director
920-491-7542
Clifford.Bowers@associatedbank.com
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SOURCE Associated Bank