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Metrocities Mortgage Surpasses 200 Joint Venture Mark 
(Sherman Oaks, CA, December 12, 2006) – Metrocities Mortgage, LLC, today announced that it has garnered more than 200 mortgage joint venture relationships with many of the nation’s leading real estate firms, making it the preferred joint venture lender for the real estate industry. Based upon a recent review of available industry data, Metrocities has learned that it is the country’s No. 1 joint venture lender, having established more joint ventures with real estate companies than any of the country’s largest lenders. “This is truly a milestone for us as we have established a business goal of being the No. 1 mortgage joint venture lender in the country,” explained Paul Wylie, CEO, Metrocities Mortgage. “These relationships with realty partners have been the cornerstone of our business since 1993, and these latest results show that our focus is paying off. “Additionally, I am pleased to announce that Metrocities was just honored with its second consecutive CustomerSat ACE Award for mortgage borrower satisfaction,” Wylie added. “Based upon numbers such as our record 96 percent client satisfaction rating tallied from independent customer satisfaction surveys (Q3-2006), it is evident that our ability to satisfy our clients is enabling us to grow our business.” Ranked in the top 1% of residential retail lenders nationwide for closed loan volume, the cornerstone of Metrocities’ business is its joint venture model, in which the mortgage banker forms relationships with real estate companies, builders, financial firms and others to provide “one-stop shopping” services for consumers.
About 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 both the 2005 and 2006 CustomerSat ACE Awards for mortgage borrower satisfaction. For additional information, please contact (800) 215-7138 or visit www.metrocitiesmtg.com. About CustomerSat, Inc. CustomerSat is the leading provider of enterprise solutions for measuring, analyzing, and managing enterprise-wide action responding to real-time customer feedback. For information, please visit www.CustomerSat.com or call (800) 372-7772.
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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.
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