The Federal Savings Bank, a privately held federally chartered bank focused on residential home lending, announced today that it hired Oscar Valenzuela as its vice president.
In 2015, Valenzuela funded nearly 300 purchase transactions and the Scotsman Guide ranked him No. 5 FHA mortgage originator in the nation. He generated more than $55 million in FHA volume, with total volume exceeding $71 million.
“Oscar is a true professional and represents his clients extremely well,” said Robert Jones, regional vice president at The Federal Savings Bank. “The Federal Savings Bank is pleased and proud to welcome him to our team.”
“His production and reputation within the real estate community speak for themselves, and I am confident that with the bank’s resources, he will double his business,” Jones said.
In his new role, Valenzuela will manage the new loan production office in Fairfax, Virginia, and assist the bank in its growth plan for the metropolitan District of Columbia area.
He plans to lead his team to provide home loan services to first-time homebuyers in the Fairfax area and to close at least 100 units per month.
Most recently, Valenzuela served as vice president and senior loan officer at Homeside Financial in Virginia.
“I joined The Federal Savings Bank because I see great opportunity to offer more products to customers throughout the United States, as well as flexible underwriting and the potential to grow my business,” Valenzuela said.