Business Solutions and U.S. Bank Home Mortgage entered into a two-year agreement that provides member banks of the American Bankers Association a competitively priced outlet from which to buy wholesale loans. Business Solutions is a subsidiary of the ABA that collectively represents all the member banks of the trade association. As an overarching organization, Business Solutions is able to offer purchase agreements to the firms in the ABA at a discount, similar to a bulk purchase and distribution system. A representative of the ABA said it is a good arrangement for its many community banks, which probably would not have enough wholesale lending business to invest in wholesale loans from a major bank such as U.S. Bank Home Mortgage. This new agreement between the two firms will offer ABA banks several wholesale lending services, according to the ABA, including agency-eligible and jumbo loan products, as well as loans insured by the Federal Housing Administration and the Department of Veteran Affairs. U.S. Bank Home Mortgage will also offer member banks underwriting solutions. The ABA also said U.S. Bank Home Mortgage will offer ABA member banks "customized benefits," but a company representative was not immediately available to provide additional details. “We’re pleased to work with U.S. Bank to benefit our members,” said William Kroll, president of Business Solutions. “U.S. Bank is a trusted, experienced investor for community banks that operate in the wholesale residential mortgage channel.” U.S. Bank Home Mortgage is the lending subsidiary of U.S. Bancorp (USB), the fifth largest commercial bank in the U.S. The American Bankers Association, a trade association that represents banks of all sizes across the country, most of which hold less than $165 million in assets. Write to Christine Ricciardi. Disclosure: The author holds no relevant investments.