Today, BankNewport announced the expansion of OceanPoint Marine Lending, a division of BankNewport (OceanPoint), to provide nationwide recreational lending services.
OceanPoint’s recreational financing products, including marine and recreational vehicle (RV) loans, are now accessible to customers throughout the country, delivered by a growing team of financial consultants located along the East Coast of the US and the Great Lakes region of Michigan.
Among the additions to the team is Lou Iacoi, who joins OceanPoint as Assistant Vice President, overseeing customer relationships in New England and nationwide. In his new role, Iacoi will be responsible for providing direct and dealer-referred clients with a seamless, efficient, and enjoyable boat financing experience. Prior to joining OceanPoint, Iacoi served as a relationship manager and senior analyst at LaVictoire Finance, where he he worked closely with boat dealers to provide marine financing options to their customers and was responsible for the implementation of their marine loan origination system.
Since acquiring two privately owned boat loan origination companies – Offshore Financial in 2018 and JustBoatLoans (JBL) by Vertisol, Inc. in 2019 – BankNewport has continued to expand its marine and RV finance program offerings, which includes new and used boat/RV purchases, refinancing options, limited and full-time charter, live-aboards, and older boat financing. OceanPoint’s growth and expansion strategy is powered by a continued investment in digitalization, including a best-in-class digital loan application process.
“The growth of OceanPoint Marine Lending signifies the continued investment that BankNewport has made in this line of business,” said Oscar Joaquim, President, OceanPoint Marine Lending. “I am looking forward to working with our expanded team to deliver an even stronger marine financing experience with a superior level of service and innovative products to customers around the United States.”
At OceanPoint Marine Lending, the experience makes the difference. From a seamless digital application to efficient loan closings, OceanPoint’s team of recreational lending specialists combines superior customer service with competitive, flexible financing programs tailored to fit the unique needs of the boat or RV enthusiast.