TIAA Bank announced it has changed the name of its warehouse finance business to Structured Mortgage Finance, reflecting the business’ aim of serving more clients nationwide with a full range of lending services.

“TIAA Bank continues to evolve and seeks to serve a wider client base,” said Charles Clark, Structured Mortgage Finance leader at TIAA Bank. “Our new business name reflects the variety and depth of TIAA Bank products and the level of experience that will better serve a growing and more sophisticated client base. Our team has grown the business to more than $10 billion of financing commitments, including some of the largest and most sophisticated independent mortgage originators and servicers within the industry.”

In addition to warehouse financing, TIAA Bank provides clients additional structured mortgage financing products, including the financing of mortgage servicing rights and servicing advances, a more complex type of structured mortgage financing. The bank also provides financing for reverse mortgages and E-notes, as well as providing value for servicing escrow deposits.

“Most importantly, the TIAA Bank team is comprised of seasoned mortgage finance professionals who offer their clients insights on industry trends, regulatory issues and new operating efficiencies,” said Clark.

As a part of TIAA’s Retail Financial Services business, TIAA Bank, a division of TIAA, FSB, provides full-service banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online and its Florida-based financial centers.