Oriental earns top USDA honor for rural housing loan partnerships
Oriental has been named the top secondary market partner by the U.S. Department of Agriculture for its participation in the Single-Family Housing Guaranteed Loan Program, which supports affordable housing in rural areas, including Puerto Rico.
The award was presented June 24 in Washington, D.C., during National Homeownership Month.
The USDA recognition highlights Oriental’s role as a strategic partner in helping expand access to federally guaranteed loans for low- and moderate-income families. The bank issues loans under the program that are backed by the USDA, providing financing options for underserved communities.
“We’re extremely proud to have been recognized by the USDA as one of the leading partners in the secondary market nationwide,” said Liana Pacheco, Oriental’s director of default management and asset recovery, risk management. “This award represents our firm commitment to contributing to the progress of our clients and the communities we serve.”
Joanellie Vargas, the bank’s director of finance and accounting, added that “these types of alternatives are essential to providing real solutions to hundreds of families in Puerto Rico.”
The USDA also cited Oriental’s servicing performance, including low delinquency rates, as part of the award.
