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Amplify Breaks Record With $300M in Loan Participation Sales in Q1 2022

May 3, 2022

Reviewed By: Amplify

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AUSTIN, April 8, 2022 – With Q1 in the books, Amplify Credit Union is reporting a record-breaking quarter in loan participation sales. According to Kristin Keller, Amplify’s SVP of Real Estate Lending, the credit union sold more than $300M in loan participations in the first quarter of 2022.

When our colleagues at community banks and credit unions have space on their balance sheets, they come to us.”

—KRISTIN KELLER, SVP OF REAL ESTATE LENDING

“When our colleagues at community banks and credit unions have space on their balance sheets, they come to us,” Keller said. “We’ve spent the past few years building out a powerful mortgage origination engine, and we are proud that we can help create strong returns for our community-focused partners.”

Amplify’s record-breaking loan origination is just the latest milestone for the Austin-based credit union. Five years ago, Amplify featured an annual loan origination output of $100M and no presence on the loan servicing market. As of 2021, Amplify had seen a 10x increase in loans originated and a 4x increase in loans serviced, resulting in over $1B in each line of business.

And while the total participation in Q1 shattered the organization’s previous high, Keller’s team is already on pace to double those numbers in Q2. “As relocation continues to reshape the Texas real estate market, the need for originators who handle complex, high-dollar loans is only increasing,” Keller added. “Our hope is that we can keep small- and mid-sized financial institutions from being shut out of a real estate market that could otherwise drive tremendous value for their members.”

To learn more about loan participation at Amplify, contact [email protected].

About Amplify Credit Union

Amplify Credit Union offers fee-free banking and award-winning lending throughout the state of Texas. In 1967, the organization was founded as the credit union for IBM employees in Austin. Today, it provides digital-first banking and lending services to 60,000 members, including home loans, checking & savings accounts, commercial lending, and more. In addition, Amplify has been named a Top Workplace in Austin for three years in a row, and this year was named a Top 50 Workplace in the USA. The organization is rooted in its mission to improve the financial lives of its members and uses the proceeds from that to provide a safe place to call home for those without. Join us at www.goamplify.com.

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