Company Profile
- Silver Queen Financial Services, Inc. (“SQFS”, “Silver Queen”, or “the company”) is a privately-held BHC, primarily operating through subsidiary, Colorado Federal Savings Bank (“the bank”), which utilizes a branchless banking model to serve customers nationwide. SQFS is majority owned by an individual that also holds majority ownership in Provident Funding Associates (“PFA”), a leading mortgage originator and servicer, and Provident Mortgage Trust (“PMT”).
- Over the years, SQFS has leveraged its relationships with affiliated companies to build its deposit base (through PFA's $58 billion UPB servicing portfolio), expand its loan portfolio (via the fulfillment program for residential mortgages), and establish a wholesale mortgage origination channel, drawing on PFA’s expertise. Now that these channels are well-established, the current loan growth strategy focuses on C&D lending, while funding will be supplemented by incremental MSR purchases from…