BIRMINGHAM, ALA. - The Internet-only Nexity Bank will offer mortgage products on its Web site through an alliance with Mortgage.com, an online mortgage provider.
Mortgage.com allows a consumer to choose a mortgage product, calculate the estimated monthly repayment, and follow a step-by-step refinancing and closing procedure. These services can now be accessed on the Nexity Bank Web site through a mortgage link.
Nexity Bank, which has $120 million in assets, opened as an online bank in February. It offers online bill payment services, automated teller machine and checking cards, and home equity loans.
Sunrise, Fla.-based Mortgage.com opened in 1994 and has contracts with GE Capital Mortgage Services, Chase Manhattan Mortgage Co., Prudential Arvida Home Builders, and Fannie Mae.