The American Bank of Commerce opened for business in 1962. Over the years, the bank has focused on healthy expansion and growth, operating banking centers in Texas and Colorado, and expanding services to include a mortgage division and an insurance affiliate. The mortgage division recently (rebranded) from Infinity Mortgage to ABC Bank Home Loans.
Park Cities Lifestyle spoke with Marcie Waskey, mortgage sales manager, about the advantages of the company’s size and services.
Park Cities Lifestyle: When it comes to home loans, what sets ABC Bank apart?
Marcie Waskey: We are a “correspondent lender”—we originate, process, underwrite, and close our own loans. But we can also sell them to about 15 different investors. We maintain the intimacy of a small community bank with local lenders. Agents like to work with people who know the market...the area neighborhoods. We can also sell to some of the big “super-banks.” We have competitive rates and take enormous pride in our personal service.
PCL: Proximity is important. Does ABC Bank do a lot of work with Park Cities clients?
MW: We’re at Preston and Lovers, convenient for customers. If they want to meet face-to-face, we can do that, or go online. We’ll meet clients where they are. We work with lots of area title companies, and agents, and have the ability to do construction lending. We also have a doctor’s program, plus a wide variety of options such as bank statement programs, asset-based programs...and traditional financing.
PCL: What are the top reasons to go to ABC Bank?
MW: Our commitment to exceeding customers’ expectations; a desire to customize our services to fit each customer’s unique needs; a highly trained, dedicated team eager to serve with honesty and integrity.
PCL: With rising interest rates and a variety of inflationary factors to deal with nowadays, what advice are you giving clients?
MW: If a home is under construction, for example, we can do a long-term lock that helps secure your rate for the long haul. In this environment, as soon as they are able to secure a contract on a property, we can lock in a rate. Many factors are making the market unstable, so it’s a good time to secure your rate. If a client wants to move soon, I like to do what we call a “full credit qualification” to prepare for selling their home and buying a new one, and make sure it’s beneficial. We have programs where clients can purchase new homes, through a special investor, then sell their existing homes so they’re not left homeless. We compete with cash offers by swift closings and can put a rush appraisal on properties to try and close within two or three weeks to compete with cash.
PCL: Why makes ABC Bank so different?
MW: Expertise, time in the business...I’ve run into nearly every scenario imaginable. We are personal bankers, not voices in call centers. The professional lender in your neighborhood who you can actually talk to.
Learn more at theabcbank.com.