Huntington National Bank Acquires Physician-Centric Mortgage Lender – DBusiness Magazine

PhsyicianLoans, a mortgage company for healthcare professionals, was acquired by Huntington National Bank. // stock photos

Huntington National Bank, a subsidiary of Huntington BankShares, has acquired the PhysicianLoans business, a Columbus-based mortgage lender headquartered in downtown Detroit.

The acquisition complements Huntington’s current suite of physician services and advances its mortgage and mortgage strategy. Terms of the deal were not disclosed.

“The acquisition of PhysicianLoans aligns with the bank’s strategic goal of growing our mortgage business and allows us to better serve the unique needs of our customers.

This additional capability advances Huntington’s commitment to becoming the industry’s leading solutions provider for healthcare professionals seeking best-in-class home financing and other services. ”

PhysicianLoans has been Huntington’s premier brokerage client since 2004 and a pioneer in the specialty loan space. Its Physician Loan Services website, now part of Huntington, has relaunched as his PhysicianLoans, offering dedicated mortgage loans to physicians and uniquely designed to meet the needs of medical associations and physicians.

The acquisition also advances Huntington’s goal of growing its Healthcare Finance business, a specialty financing service that provides expertise to dentists, veterinarians and physicians who are also private practitioners.

The bank offers traditional and small business management loans that support practice owners through each stage of the business lifecycle.