NexBank in Dallas is expanding into correspondent lending for banks and mortgage brokers.

The $590 million-asset bank said Friday that the service would help mortgage brokers adjust to regulatory changes. Jed Meaux, the head of NexBank's mortgage division, said in a press release that the business line would allow mortgage brokers and small community banks the ability to make mortgages, while NexBank handles the "backroom work of underwriting."

NexBank entered wholesale lending in early 2008.

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