Old Second Bank offers mortgage services

If you are looking for a local lender that can process, underwrite and fund your mortgage onsite, and offers the personalized service of a community bank, then Greg Kuda, vice president of residential lending with Old Second Bank in Elgin may be able to help you.

Kuda has been in the mortgage business since 1989, and with Old Second Bank for the 10 years, when the company purchased Maple Park Mortgage. Kuda studied economics at De Paul University prior to beginning his career in banking. He credits his degree in helping him predict where the market is going.

A Hampshire resident for 15 years, Kuda said his firm operates throughout the Fox Valley area. Kuda said Old Second processes, underwrites and funds all their loans in house. Because of this, the company has the flexibility to bring in loans that don't fit into typical federal investor guidelines put forth by agencies like Fannie Mae and Freddie Mac.

We can do common sense underwriting for our customers," Kuda said. His emphasis has been on construction loans and residential mortgages, but the firm also deals with commercial lending for land development and the financing of businesses.

"That is a big part of Old Second Bank," he said.

Kuda feels it is important to maintain a good record of getting the job done for his customers.

"Long-term, solid financing is what we're all about," he said.

For more information about obtaining mortgage services contact Greg Kuda at Old Second Bank, (847) 628-4512.