Sterling National Bank, a subsidiary of Sterling Bancorp

Universal’s 25 employees will be joining Sterling National Bank. Universal has a strong residential mortgage brokerage presence in Brooklyn Heights and Park Slope.

Norman Calvo, founder of Universal Mortgage, said his team in the past year has produced a mortgage volume of more than $300 million.

“Joining forces with Sterling brings the advantages of a strong capital base, portfolio of products and services, and an 80-plus year commitment to the needs of customers in the New York City metropolitan area that will enable the Universal team to realize additional opportunities for growth,” said Calvo.

kpanchuk@housingwire.com