Guaranteed Home Mortgage Co. Inc., a White Plains, N.Y.-based residential mortgage investment and banking firm, is offering a new survival package for struggling mortgage companies. The package consists of assistance in compliance, marketing, accounting and processing, and the use of proprietary software systems, under the Guaranteed umbrella.
To receive the package, companies may join Guaranteed as a branch office provided they have sufficient mortgage banking, brokerage and management experience, the firm says. According to Guaranteed's strategy, the new branch remains focused on its core competency of generating business revenue, while Guaranteed handles licensing issues, regulatory reports and other auxiliary functions.
Guaranteed states that its loan origination program, Encompass, and lead management system, Lending Tree, are provided for free, with training, for company affiliates.
‘Our comprehensive support structure emphasizes mortgage banking fundamentals and serves as a major component of our new survival package," says David Wind, principal and president of Guaranteed. "We also help our branches leverage our national operation to achieve lower-cost financing for their clients while maximizing their own returns on each transaction.’
SOURCE: Guaranteed Home Mortgage