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SUNTRUST MORTGAGE INC

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Suntrust Mortgage Inc: Profile

SunTrust Mortgage, Inc. is a subsidiary of SunTrust Bank, which is headquartered in Atlanta Georgia. SunTrust Bank is a diversified financial services company whose primary businesses through its subsidiaries include:

  • Brokerage services
  • Capital markets services
  • Credit cards
  • Insurance
  • Mortgage banking

SunTrust Mortgage, Inc. was formed in 1998 through the merging of Crestar Mortgage Corporation and the residential mortgage lending company of SunTrust (at the time of the merger of Crestar Financial Corporation with SunTrust Banks, Inc). The merger created one of the largest bank-owned mortgage companies in the United States. As of the end of 2005, SunTrust Mortgage serviced almost $106 billion in mortgage loans and originated almost $36 billion of loans (source: SunTrust Mortgage web site).

SunTrust Bank is ranked 217th on Fortune magazines 2006 "Fortune 500" list. SunTrust Bank's stock is traded on the New York Stock Exchange (NYSE: STI).

Suntrust Mortgage Inc: Notable

Suntrust Mortgage Inc is a HUD-approved lender (US Department of Housing and Urban Development).

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