Quontic is a Member FDIC bank, headquartered in New York City and located in a growing number of states. We're all about customer service. We're here to help the community. We strive to make banking easy and the home mortgage process hassle-free. We are authorized by the U.S. Department of Housing and Urban Development (HUD) to make Federal Housing Authority (FHA)-insured mortgage loans in all fifty states. Quontic Bank has earned a coveted 5-star rating from BauerFinancial, the nation’s premier independent bank rating firm, each quarter since Q3 2015. In 2016, Quontic Bank ranked No. 88 of the 6,199 federally insured banks in the U.S., according to DepositAccounts.com, a website that monitors and informs consumers of how well financial institutions perform.
Podcast: Sells, American Banker's Digital Banker of the Year, explains how he encouraged his team to take risks on projects like a three-minute account opening process and a system that analyzes core data in real time to help set deposit prices. Read American Banker's profile on him here.
A Q&A with Steven Schnall, the CEO of Quontic. Quontic is a community development financial institution that specializes in residential mortgages and has its main branch in the Astoria section of New York; it has branches in three other cities, too. Schnall's vision for the bank is ambitious but clear: Move its corporate office to a higher-profile location in Manhattan — and make it a digital bank.