CONFORMING MORTGAGES
New South's primary line of business is the origination and subsequent sale of residential mortgage loans that are classified as conforming residential mortgage loans. Currently, New South operates loan production offices in Alabama, Arizona, Florida, Georgia, Kentucky, Louisiana, Nevada, North Carolina, Tennessee, Texas, and Virginia. New South augments its direct originations with indirect loans generated through over 500 wholesale customers.
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NON-CONFORMING MORTGAGES
New South originates non-conforming residential mortgages on both a direct and an indirect basis. Loans are secured by single-family residences, which are either owner-occupied or investment properties.
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AUTOMOBILE LENDING
New South offers automobile loans on an indirect basis through an extensive automobile dealer network. Primarily made up of independent car dealers, the network does include new car franchise dealers, from whom New South purchases prime and non-prime retail installment contracts. Floor plan revolving credit lines, used for financing the inventory of automobile dealerships, are also available to selected independent dealers.
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CONSTRUCTION LOANS TO BUILDERS
Residential construction loans and land development loans to professional homebuilders and developers are originated on a direct basis in 10 states through New South's retail construction and permanent lending offices.

COMMERCIAL REAL ESTATE LENDING
Commercial real estate loans are originated primarily by Collateral Real Estate Capital, LLC., an affiliate, on both a direct and indirect basis through mortgage bankers and brokers nationwide. New South funds and closes in its name certain commercial loans that are secured by multi-family properties, retail shopping centers, mobile home parks, hotels, and manufactured home communities.

DEPOSIT GATHERING
Most of New South’s deposit gathering activity is centered around an active telephone and internet banking center that handles incoming inquiries. New South attracts depositors throughout the country and several foreign countries by paying nationally competitive rates that garner regular listings in major national newspapers and magazines. (more information)

CORPORATE CLIENT SERVICES
New South offers relocation services to corporate clients throughout the country. (more information)

SECURITIZATIONS
In recent years, a significant source of funding for New South has been the sale of residential mortgage and automobile loans in the secondary market through securitizations. (more information)

LOAN SERVICING
New South services residential mortgage loans secured by single-family residences for its portfolio and for others including Fannie Mae, Freddie Mac, Ginnie Mae, and private mortgage investors. New South also services automobile loans held in portfolio, or by investors.

REAL ESTATE OWNED
New South offers real estate property available for sale to individuals & or investors across the United States. Realtors welcome. (more information)