Homebuilder Lennar (LEN) said Wednesday it is seeing "no disruption" to its mortgage lending business in the wake of recent bank failures and the resulting turmoil in financial markets.

"With respect to sales of loans to investors, we have the agencies that we sell to and other parties that are not regional banks," said Bruce Gross, CEO of Lennar Financial Services, on the company's earnings call Wednesday. "We're paying very close attention to that, but no disruption," Gross added.

The recent fallout from the failure of Silicon Valley Bank and Signature Bank within the last week has rattled financial markets, sending mortgage rates downward as investors seek the relative safety of Treasury bonds and price in less aggressive rate hikes from the Federal Reserve.

And while concerns over the stability of financial markets have shaken investors, some homebuyers are capitalizing on the sudden drop in rates.

The volume of mortgage applications increased for the second straight week last week, climbing 6.5% on a seasonally adjusted basis during the week ended March 10, the Mortgage Bankers Association's survey reported Wednesday.

Data from the NAHB out Wednesday also showed home builder confidence continues to rise. Still, NAHB chairman Alicia Huey said, "given recent instability concerns in the banking system and volatility in interest rates, builders are highly uncertain about the near- and medium-term outlook."

"This is an experienced team that's been through the financial crisis back in 2008 and '09," Gross said. "So we have the playbook and we've reacted very quickly, and we feel very comfortable."

'A generally strong economy'

Lennar's first quarter earnings report released Tuesday after the bell beat expectations on the top and bottom lines.

Adjusted earnings per share came in at $2.12, beating the $1.54 expected by analysts, according to estimates from Bloomberg. Revenue in the quarter totaled to $6.49 billion, better than the $5.99 billion expected by analysts.