Rhode Island based Washington Trust announced the opening of a new mortgage lending office in Sharon, Massachusetts. It’s the first residential lending office in Massachusetts and includes ten Washington Trust mortgage lending professionals who are both experienced and well-known in the Massachusetts market area.
“This is a great time for Washington Trust to expand into the Greater Boston area with a residential mortgage office,” said Stephen M. Bessette, executive vice president, retail lending. “The residential real estate market is showing signs of recovery and consumers are turning to community banks, like Washington Trust, for traditional mortgage options, trusted advice and personal service.”
According to a company statement it’s the number one reverse mortgage lender in Rhode Island, for the period of July 1, 2007 to June 30, 2009. Over the last 12 months, Washington Trust has endorsed 58 HECMs according to data from HUD’s Neighborhood Watch.
Washington Trust has a group of videos produced by MindBlazer to help educate borrowers on reverse mortgages. You can see the video here.