Peter Engel, executive vice president of consumer banking for Johnson Bank, announced the Racine-based bank’s mortgage team recently surpassed the $4 billion mark in loans serviced.
Johnson Bank originates mortgage loans in 40 locations throughout Wisconsin and Arizona and now services more than 25,500 loans.
“This achievement is largely a result of the great service our team provides to our clients over the life of their loan,” said Bill Winkler, director of mortgage services for the bank. “The strong reputation in the communities in which we lend has allowed our professionals to build trust with our clients over time.”
“We are proud to be a Wisconsin-based bank that services all the mortgage loans we originate,” Engel said.
Johnson Bank Mortgage has had four consecutive years of loan volumes exceeding $1 billion, with more than $1.56 billion in mortgage loans closed in 2012. While refinancing represented a significant percentage of closed loan volume last year, the bank is seeing increased new home construction and purchase activity in 2013.
Johnson Bank is a member of Johnson Financial Group, a financial services company offering banking, wealth and insurance services. The principal owners of Johnson Financial Group are members of the Samuel C. Johnson family. Helen Johnson-Leipold is chairman of Johnson Financial Group.