 |
|||||
 |
 |
||||
 |
 |
 |
 |
 |
|
            |
  |
||
|
Metrocities Mortgage Reports Record Closings for 2005
Company increases joint venture relationships by 90%, adds staff 
(Sherman Oaks, CA, May 24, 2006) - Metrocities Mortgage, LLC, today announced record funding volume for the first quarter of 2006. During the first three months of the year, the leading national direct lender tallied $1.5 billion in closed loan volume - which included a 23% increase in purchase volume over the same period in 2005. In addition, Metrocities' retail volume in April was up 15%. "We are very pleased with these results," explained Paul Wylie, CEO, Metrocities Mortgage. "Metrocities set the goal last year of becoming the No. 1 joint venture lender in the country and we have been working hard to achieve that goal. "These strong numbers are the result of the addition of a number of new joint venture relationships which are generating increased business," he added. "In 2005 alone, we experienced a 90% increase in our number of these relationships over 2004. We are also providing outstanding customer satisfaction levels among our partners' clients as evidenced by our recent garnering of the CustomerSat ACE Award for mortgage borrower satisfaction." Ranked in the top 1% of lenders nationwide, the cornerstone of Metrocities' business is its joint venture business model, in which the mortgage banker forms strategic alliances with real estate companies, builders, financial firms and others to provide "one-stop shopping" services for consumers. Metrocities Mortgage Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology enabling them to find the best loan products for their clients. Metrocities Mortgage was named the "Most Innovative Mortgage Company" in 2005 by Inman News, and received the 2005 CustomerSat ACE Award for mortgage borrower satisfaction. For additional information, please contact (800) 215-7138 or visit www.metrocitiesmtg.com. 0506-104
|
We can get you quickly pre-qualified and on your way - free of charge.
 |
||
 |
 |
|
Metrocities Mortgage, LLC, located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403, is a Delaware limited liability company licensed by the California Department of Corporations under CRMLA. Arizona Mortgage Banker License #BK0903027; Georgia Residential Mortgage License #16984; Illinois Residential Mortgage Licensee #6424; Kansas Supervised Loan License #2002-4365; Massachusetts Mortgage Lender/Broker License #MC2011; Mississippi Registered Mortgage Company; Licensed by the New Hampshire Banking Department; Licensed Banker-New Jersey Department of Banking and Insurance #9932415; Registered Mortgage Broker – NYS Banking Department; Ohio Mortgage Broker #MB803629; Pennsylvania Department of Banking #1740 and licensed pursuant to the Secondary Mortgage Loan Act; Rhode Island Licensed Lender #20021343LL; licensed by the Virginia State Corporation Commission as MLB-786. This is not an offer to enter into a rate lock agreement under Minnesota law. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.
|
||
 |