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Mortgage Business In Brief

March 31, 2008

Corporate Profile

Vital Statistics Through March 31, 2008 - SunTrust Mortgage, Inc.
Servicing Portfolio: $ 155.5 billion     Number of Investors: 303
Loans Originated: $ 9.6 billion   Number of Correspondents: 1,366
Loans Purchased: $ 2.2 billion   Number of Brokers: 13,461
Total Production: $11.7 billion   Number of Locations: 205
Number of Loans Serviced: 942,238   Number of Permanent Employees: 4,304
 
Business Orientation To provide our customers greater value for their money than any competing residential mortgage service provider and, in turn, have that value reflected in a superior return for our shareholders.
 
Organization SunTrust Mortgage, Inc. is a wholly-owned subsidiary of SunTrust Bank - a $179.0 billion institution operating in Virginia, the District of Columbia, Maryland, North Carolina, South Carolina, Georgia, Alabama, Tennessee and Florida. Currently, SunTrust Mortgage, Inc. originates loans through 203 locations in SunTrust markets and adjacent states, maintains correspondent and broker relationships in 49 states and services loans in 50 states and the District of Columbia.
 
Senior Management Sterling Edmunds, Jr., CMB, President and CEO
Robert S. Reynolds, EVP/Chief Administration Off.
Glenn A. Carter, EVP/Mid-Atlantic Group Mgr. (VA, MD, DC, OFP)
James G. Carter, EVP/National Correspondent Division Mgr.
David Conners, SVP/Senior Financial Off.
Dean Driskill, EVP/Mid-Atlantic Group Mgr. (NC, SC)
Alex Jacobs, EVP/National Wholesale Division Mgr.
Heather Rosenberg, FVP, Senior HR Relationship Mgr.
Elaine Lee, SVP/National Retail Operations Mgr.
Dan Massey, SVP/Transformation Mgr.
Scott Maxwell, EVP/Florida Group Mgr.
Cheryl A. Nolda, EVP/Marketing Director
Anthony "Tuck" Reed, EVP/Head of Capital Markets
Dave Robinson, SVP/Builder Services
Niki Scott, EVP/Central Group Mgr.
Martha R. Simmons, EVP/National Retail Production Mgr.
Marvin Watts, EVP/Operations and Servicing Mgr.
Peter Wyman, SVP/Delivery Group Mgr.
 
Strategic Focus Day-to-day activities in all of SunTrust Mortgage's endeavors reflect five fundamental corporate priorities:
  • Maintaining a strong balance sheet
  • Emphasizing credit quality
  • Focusing on income and cost management
  • Delivering superior customer service
  • Maintaining a highly skilled and motivated work force
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