Published on March 03, 2022
Servion Commercial Loan Resources' Servicing Portfolio Hits $2 Billion Milestone
Written by Tony Lillie
We are thrilled to share that Servion Commercial Loan Resources (CLR), which supports the business lending efforts of credit unions and community banks around the nation, recently hit a new milestone:
CLR is now servicing more than $2 billion in commercial loans for partners!
The growth we have experienced is incredible, and it is all thanks to the financial institutions that trust us. Our servicing portfolio hit the $1 billion mark in the fall of 2020, and now, less than a year and a half later, has grown to more than $2 billion.
Since our founding in 2004, we have worked hard to become a strategic commercial lending partner for financial institutions around the U.S. We deliver personalized solutions and personalized service to help partners establish, grow and improve their business lending efforts.
We simply want to say a big THANK YOU to all the institutions who rely on us. We look forward to many years of growing, together.
You can read our press release below or download the PDF version here.
ST. PAUL, Minn. (February 24, 2022) - Servion Commercial Loan Resources (CLR), a division of The Servion Group, a Twin Cities-based financial services organization, is pleased to announce that it is now servicing more than $2 billion worth of business loans for its partners.
Servion CLR provides commercial lending support to hundreds of credit unions and community banks across the country. The loan servicing milestone is a major achievement for the company, which has experienced exciting growth in recent years.
“Our servicing portfolio hit $1 billion late in the fall of 2020, and now, approximately 16 months later, it has grown to over $2 billion. Additionally, we now advise and consult on an additional $2 billion worth of business loans for other institutions,” said The Servion Group’s CEO, Brad Crandall. “I could not be prouder of the work we do for community financial institutions and their business borrowers.”
“Over the last decade, Servion CLR has grown from a Minnesota-only company to one that now serves partners from coast to coast,” said Chief Credit Officer Tony Lillie. “We have doubled our staff size in the last five years to ensure that we are equipped to support our partners’ business lending efforts today and in the future. Hitting the $2 billion mark this year is special, particularly considering all the adversity companies have faced these past two years. We are thankful to be in position to help our partners during these unprecedented times.”
Servion CLR focuses on being a trusted partner to lenders, functioning as their credit administration department and handling the behind-the-scenes functions of business lending so the lenders can focus on what matters most: their customers. Our growth reflects the level of trust that financial institutions have in us to manage the risk of their portfolios.
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