The commercial loan division of Richards-Woodbury Mortgage Corp. has received the Outstanding Correspondent Award from Mutual of Omaha Life Insurance Co., presented annually to the top mortgage banking firm in its national correspondent network.

Richards-Woodbury won the award for its overall contribution to Mutual of Omaha's mortgage lending activities and its ability to successfully arrange high quality real estate transactions for the life insurance company.Receiving the award was August F. Brand, senior vice president in charge of commercial lending, during the annual Mortgage Bankers Association convention in Chicago. This year, Richards-Woodbury placed more than $42 million in new loans and increased its loan servicing portfolio by 40 percent.