Luther Burbank Savings Expands Lending Team

-Tim Sorenson to Serve as Senior Vice President, Director of Retail Residential Lending-

Feb 17, 2016, 12:00 ET from Luther Burbank Savings

SANTA ROSA, Calif., Feb. 17, 2016 /PRNewswire/ -- Luther Burbank Savings has announced the expansion of its lending team with the addition of Tim Sorenson, who has joined the bank as Senior Vice President, Director of Retail Residential Lending.

Mr. Sorenson will lead the Luther Burbank Mortgage division of the bank, which offers an innovative blend of portfolio lending, mortgage banking and mortgage brokering, according to Jason Pendergist, President – Consumer and Commercial Banking for Luther Burbank Savings.

"We are actively growing and this hire brings a new type of leadership to our retail residential lending division. Mr. Sorenson's experience hiring, training and developing loan teams will aid him in growing this business to ensure our multifaceted platform reaches more customers in our market area," noted Pendergist.

Mr. Sorenson brings over 15 years of experience leading highly productive and profitable sales organizations in various diverse markets. Previous roles include senior positions with Wachovia, California regional manager for national sales at JPMorgan Chase, and most recently, managing director of residential lending for MUFG Union Bank.

"Luther Burbank Mortgage offers a unique platform in this competitive industry. Being a boutique lender with a vast array of solutions allows us to provide a second-to-none experience for our customers. I'm excited to be here and look forward to a successful relationship with our team and our customers as we aggressively grow throughout California and the western United States," stated Sorenson.

Founded in 1983 in Santa Rosa, California, Luther Burbank Savings is an FDIC insured, privately held, California based savings association with over $4 billion in assets. Luther Burbank Savings offers a variety of consumer and wholesale banking services focusing on single family, multifamily and commercial mortgage loan origination and retail deposits. Additional information about the bank and career opportunities may be found at Luther Burbank Savings, an Equal Housing Lender, is headquartered in Santa Rosa, California.

Katie Kea / Jenn Quader
Brower, Miller & Cole
(949) 955-7940  


SOURCE Luther Burbank Savings