WAKEFIELD — The Retail Lending Department at The Savings Bank has been recognized by Banker & Tradesman as the No. 1 Mortgage Lender for 2013 in Wakefield. The well-respected banking publication indicated this recognition was based on the number of loans closed on one to four family owner occupied homes, as well as home equity and commercial real estate loans. TSB was also the No. 1 lender in Wakefield for 2012. According to Banker & Tradesman data, The Savings Bank ranked at the top of more than 200 lenders who serviced the Wakefield area in 2013. The Savings Bank closed 122 loans during the year in Wakefield, totaling more than $31.3 million. Of the 122 loans, 28 represented purchase mortgage loans totaling more than $8.1 million, and 94 non-purchase mortgage loans totaling $23.1 million. The Bank’s successful First Time Home Homebuyer Program closed 46 loans for $14.5 million in 2013, 10 of which were in Wakefield, according to Kathleen M. Beaulieu, Senior Vice President – Retail Lending Officer. Wakefield loans closed through this program totaled $3,107,200. For information about the mortgage lending program offered by The Savings Bank, call 781-246-0400 or visit tsbawake24.com.
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