Freddie Mac recognizes North West Bank | News, Sports, Jobs


WARREN — For the second year in a row, Northwest Bank has been recognized by Freddie Mac as the recipient of his Home Possible RISE (Recognizing Individuals for Sustained Excellence) awards.

The annual program honors Freddie Mac’s top customers in multiple categories for their excellence with the Home Possible Mortgage – Freddie Mac’s affordable lending solution for aspiring homebuyers.

Northwest Bank won the Home Possible RISE award as part of the “larger volume” category to impact affordable lending. Lenders in this category represent the major originators, from national to local organizations, that originate and/or aggregate the largest volume of Home Possible mortgages.

“At Northwest, we pride ourselves on working with our customers to help bring their dreams of homeownership to fruition,” said Lou Torchio, Senior Executive Vice President, Retail Lending. “Creating sustainable homeownership opportunities for families in our footprint and in our communities continues to be a top priority for us as a community bank.”

Despite the ever-evolving COVID-19 pandemic, Northwest Bank was able to make homeownership possible for more than 200 families in 2021 in Pennsylvania, New York, Ohio and Indiana through the Home Possible mortgage program.

Home Possible RISE pricing is based on lending volume from Home Possible and Home Possible Advantage national mortgage lenders. Lenders must be active Freddie Mac sellers/repairers. Freddie Mac received the 2021 data and awards top organizations across multiple categories.

In 2021, Northwest Bank won the Home Possible RISE award in the New Originator category.



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