Reston, Va.-based Access National is closing a loan office that pulled in almost a third of the company’s profits last year, an article in American Banker reports.
The $823 million-asset company will shut down its Denver mortgage production branch by the end of April, it said Friday in a filing with the Securities and Exchange Commission. The office originated $434 million in loans last year, almost exclusively under refinance programs offered through the Federal Housing Administration and the Department of Veterans Affairs.
