United Bank Opens Mortgage Loan Production Office in Wellesley, Mass.
As it continues to expand its footprint, identify growth markets throughout Massachusetts and Connecticut and build community banking teams to cover those areas, United Bank of Glastonbury, Conn. today announced the opening of a new Loan Production Office (LPO) in Wellesley, Mass.
The LPO is located at 36 Washington Street, Suite 220, Wellesley Hills in Wellesley, Mass. and is staffed by seven high-performing mortgage bankers with decades of lending experience who are well-known in the Greater Boston area. The Bank decided to open this office in Wellesley because of its accessibility from Routes 9 and 128 and the MASS Pike as well as its distance from Boston. This new location provides convenient, first class office space for United’s loan officers to work privately with their clients. Among nearby towns are Brookline, Dover/Sherborn, Needham, Newton and Weston.
United began its presence in eastern Mass. in 2014 with only two loan officers based at a non-customer accessible loan office in Sagamore Beach. The team quickly grew to seven mortgage bankers led by Jim Picciotto, Vice President & Sales Manager, Eastern Region of Massachusetts. The Private Mortgage Bankers he recruited to cover this market are Cynthia McDermott; Luke Ostrowski; Eric Risley; Leonard Tocci; Ron Wiltshire; and Andrea Duffy, a Mortgage Specialist.
The team brings diverse mortgage loan capabilities to the market, including vast experience with high-end mortgages, adjustable rate mortgages and jumbo loans. Picciotto and his team can also provide tailored solutions to meet customers’ complex mortgage banking needs as well as access to responsive and swift local decision-making and a well-managed processing, underwriting and closing operation at United.
“We want to thank the town of Wellesley for welcoming our mortgage banking team to their community. The eastern region of Massachusetts has proven to be an exciting and profitable growth market for us and we’ve recruited some top producing mortgage bankers to continue to win new business there while taking care of the customers we already have,” said William H.W. Crawford, IV, Chief Executive Officer of United Bank and United Financial Bancorp, Inc. (NASDAQ Global Select Stock Market: (UBNK). “Now that we’ve found a permanent home for our eastern Massachusetts LPO that is accessible and open for customers, I am confident Jim Picciotto and his team will help us replicate what we’ve successfully been doing in other markets: establish community banking teams that are driven by our Bank’s vision to pursue excellence in all things.”
At the end of the first quarter of 2015, United Financial Bancorp, Inc., the holding company for United Bank, reported record residential mortgage originations at $168 million and three consecutive quarters of record residential mortgage production.
In addition to its enhanced presence in the eastern region of Massachusetts, United Bank has teams of mortgage lenders covering Central and Western Mass. as well as Greater Hartford, New Haven County and Fairfield County, Conn.
To reach the Wellesley office, please call 508-808-0182 or United Bank’s Contact Center at 866-959-2265.