For the Second Year in a Row, Northwest Bank Among Mortgage Lenders Recognized for Sustained Excellence by the Freddie Mac Home Possible® Mortgage Program
Warren, Pennsylvania (April 27, 2022) – For the second consecutive year, Northwest Bank has been recognized by Freddie Mac as a winner of its Home Possible RISE (Recognizing Individuals for Sustained Excellence) Awards®. The annual program salutes Freddie Mac’s top clients across multiple categories for excellence with the Home Possible® mortgage – Freddie Mac’s affordable lending solution for aspiring homebuyers.
Northwest Bank earned the Home Possible RISE Award within the “Greater Volume” category for making an impact on affordable lending. Lenders within this category represent the top originators from national to local organizations who are producing and/or aggregating the greatest volume of Home Possible mortgages.
“At Northwest, we take pride in working with our customers to help their dream of becoming a homeowner a reality,” said Lou Torchio, senior executive vice president, retail lending. “Creating sustainable homeownership opportunities for families across our footprint and in our communities continues to be of major focus for us as a community bank.”
Despite the ever-evolving COVID-19 pandemic, Northwest Bank was able to make homeownership possible for more than 200 families in 2021 across Pennsylvania, New York, Ohio and Indiana through the Home Possible mortgage program.
The Home Possible RISE Awards are based off of loan volume from national Home Possible and Home Possible Advantage mortgage lenders. Lenders must be active Freddie Mac sellers/servicers. Freddie Mac received 2021 data and awards the top organizations among several categories.
In 2021, Northwest Bank earned the Home Possible RISE Award within the New Originator category.
The complete list of the award winners for 2022 is available here.
About Northwest Bank
Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services. As of April 19, 2022, Northwest operates 142 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.’s common stock is listed on the NASDAQ Global Select Market (“NWBI”). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.com.
About Freddie Mac
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, investors, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.