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Fannie Mae Approves Residential Finance Corp. as Seller/Servicer

Lender expands capabilities to include loan servicing

COLUMBUS, Ohio--(BUSINESS WIRE)-- Residential Finance Corp. (RFC), a nationwide mortgage lender, announced today it is now a Fannie Mae Seller/Servicer and will be retaining the servicing of select loans. This designation, a reflection of RFC’s commitment to loan quality and compliance, will allow the lender to service its own loans. Instead of simply selling loans to the secondary market, Fannie Mae’s approval will allow RFC to nurture its relationships with its customers for the life of their loans.

“Receiving this approval is another stage in our growth plan and gives RFC the flexibility to meet the financial needs of even more consumers,” said David Stein, senior vice president and general counsel at RFC. “We are glad to be able to offer a full range of loan products to borrowers throughout the United States. Building a servicing portfolio strengthens our commitment to help consumers rebound in these tough economic times and will allow additional avenues of business for RFC in the future.”

About Residential Finance Corp.

Founded in 1997, Residential Finance Corporation (RFC) (www.residentialfinance.com), offers homeowners and homebuyers nationwide a wide range of home mortgage loan options, including special lower-rate government-insured FHA and VA loans, residential mortgage loans, jumbo mortgage loans, and reverse mortgages. RFC’s highly-trained staff delivers mortgage expertise and customer service excellence, winning the company many awards, including Columbus Business First Corporate Caring Award, Columbus Business Journal Best Place to Work, Florida Trends Best Company in Florida, American Business Award Sales Department of the Year, Inc Magazine INC5000 Fastest Growing Company, and American Society of Training and Development Excellence in Practice. Headquartered in Columbus, Ohio, RFC has branches throughout the country, and is seeking loan officers and branch managers to join their network of branches. For more information contact Jessica Manna at 614.255.4317 or www.myrfccareers.com. NMLS#1652. Equal Housing Lender. Equal Opportunity Employer.

For RFC
Charlyne H. McWilliams, 301-933-5567

Source: Residential Finance Corp.