GREEN BAY, Wis., June 24, 2015 /PRNewswire/ -- The Federal
National Mortgage Association, known as Fannie Mae, has awarded
Associated Bank its Servicer Total Achievement and Rewards™ (STAR™)
Performer recognition for 2014.
The STAR program was created in 2011 to measure servicers across
key operational and performance areas relative to their peers and
recognize high achievement. Goals included reducing credit
losses, creating value for taxpayers and keeping borrowers in their
homes.
Associated was specifically singled out for its performance in
assisting homeowners, aiding the housing recovery and demonstrating
excellence in general servicing processes.
"What sets STAR servicers apart is that they have sound,
consistent practices, they partner well with Fannie Mae, and they
continuously evaluate and adapt their controls to strive for
operational excellence," said Caroline
Patane, Fannie Mae's vice president, Servicer Reviews and
Measurement.
"We have a great relationship with Fannie Mae," said
Scott Fecteau, Associated's Director
of Residential Lending. "We are proud to offer the Fannie Mae
mortgage products that serve our customers' needs, and equally
proud to be recognized with this prestigious designation from a key
partner."
According to Fecteau, Associated is the largest mortgage lender
in the State of Wisconsin in terms
of volume origination. It services more than 63,000 Fannie Mae
loans with total balances in excess of $7.5
billion.
Highly trained colleagues who understand the Fannie Mae
processes are key to earning this recognition, explained
John Crandall, Director of Default
and Retail Loan Servicing at Associated.
"The STAR program provides a comprehensive playbook," said
Crandall. "With all of the regulatory changes in place in the
industry, it helps us ensure that we surpass the performance of our
peers, and that comprehensive training programs and key-performance
indicators are in place."
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $27 billion and is one of the top 50, publicly
traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading
Midwest banking franchise, offering a full range of financial
products and services in 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 PHONE
920-241-0371 CELL
Clifford.Bowers@associatedbank.com
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SOURCE Associated Banc-Corp