Prospect Mortgage Launches New Division

Posted by Orb Staff on September 07, 2012 No Comments
Categories : FYI

Sherman Oaks, Calif.-based Prospect Mortgage has launched a renovation lending correspondent division to help lenders address the needs of their customers looking for renovation loans.

‘With so many real estate owned and foreclosure properties available today, renovation lending has grown from a niche product to one of the best financing solutions in today's market,’ says Doug Long, president of Prospect Mortgage Retail and Correspondent Lending. ‘Through our new correspondent division, we're excited to share our experience – and our commitment to renovation opportunities – by helping lenders offer the 203(k) product to capture new business and help more homebuyers.’

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