NCB Announces New, Faster Home Loan Online Application Process

Washington, DC (November 1, 2007) Today, NCB, a national bank specializing in co-op, condo and single-family home loans, launched a new online application process making applying for a home loan more convenient and easy. The new service provides prospective borrowers with the ability to research NCB’s loan products, view current rates and apply for a co-op, condo or single-family home loan online 24 hours a day, seven days a week, with decisions provided within minutes of submitting the application.

“As part of NCB’s ongoing commitment to providing a fast, flexible and resourceful approach to meeting our customer’s financial needs, we’re thrilled to launch this new service to streamline the loan application process,” stated Charles E. Snyder, President and CEO of NCB. “NCB takes great pride in our ability to work quicker and provide more creative financial solutions, and this further enhances our customer’s banking experience.”

In addition to applying online, applicants can enroll in a number of services including Rate Watch, where the Bank monitors a range of interest rates and sends an email notification when a rate hits the desired target. In addition, applicants can choose to receive all the rates for a product at certain delivery intervals for a specific duration.  Those utilizing the site can also benefit from the online tools including mortgage calculators, a glossary of loan terms, product descriptions, and details of what to expect throughout the application process.  Help is also provided along the application path and is customized for the specific inquiries that are displayed on the screen.  If additional help is required, visitors are able to save the information and work with an NCB loan officer one-on-one to complete the application.

This online mortgage application is available for all property types, including co-ops. The Bank’s intimate understanding of the cooperative structure, and the financing requirements for this type of housing, sets NCB apart from its competitors.  The Bank remains dedicated to strengthening the cooperative community nationwide, and expand its customer-centric banking and financial services, through new products and services.

To apply online, visit www.ncb.coop/apply.

NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit corporation. Loans and technical assistance may be provided by NCB, NCB Capital Impact or NCB, FSB, all of which are Equal Housing Lenders.  NCB, FSB is a wholly-owned subsidiary of NCB.  Deposit products and services are provided by NCB, FSB, which is FDIC insured. Housing development services are offered through NCB and NCB Capital Impact’s jointly owned subsidiary, NCB Community Works, LLC.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop. 

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