Financial terms of the agreement were not disclosed.
Brian Call has been named as managing director to lead the combined team of mortgage professionals
under TCF Home Loans. Call was previously president of Rubicon.
TCF Bank will begin marketing its residential first-mortgage program as TCF Home Loans in the consumer market across its retail-banking footprint with the additional market of North Dakota.
“We are excited to welcome the Rubicon team to TCF Bank and introduce the additional scale and capabilities they bring to our newly formed TCF Home Loans business,” said Michael Jones, executive vice president of consumer banking. “Our focus in retail banking continues to be on providing our customers with the products, expertise, and service to help them in every stage of their financial life. As TCF Home Loans, we look forward to broadening the products and services we offer and putting our deep expertise and mortgage industry relationships to work on behalf of customers and consumers.”
In addition to founding Rubicon and leading the company, Call served as president of the Minnesota Mortgage Association in 2016 and was a member of its board.
TCF Bank acquires mortgage lender
Lender announces acquisition
TCF Home Loans is set to offer residential mortgage lending products as a newly formed business following the completion of the previously announced acquisition by TCF National Bank of Rubicon Mortgage Advisors.