A Joint Venture (JV) with Metrocities Mortgage, LLC's Private Mortgage Banking Group (PMBG) is a strategic alliance formed between PMBG and partnering Members such as real estate companies, builders/developers, credit unions, financial companies and other affinity groups.
When you form a JV, your suite of product offerings expands, giving your clients the convenience of one-stop shopping. This enables you to retain and attract more business, while sharing in the profits generated by your new complementary services.
The Metrocities/PMBG JV model is designed to provide multiple benefits to you and your clients.
Benefits:
- Opportunity to increase income
- Valuable cross-sell opportunity
- One of the nation’s leading application closing rates
- Broad investor base through full service Mortgage Banker (direct lender)/Broker, ensuring high approval rates and loan process control
- In-House underwriting authority
- Expertise in niche markets, covering
- Jumbo
- Super Jumbo
- Construction
- Interest-Only financing
- 100% financing
- No documentation loans
- Opportunity to work with experienced JV lender with over a decade of proven success
- A system that provides maximum capture and satisfaction rates
- Backing from a National Lender ranked in the top 1% nationwide in closed loan volume
- An affiliation that requires a modest capital investment
- Reduced liability (compared to establishing your own mortgage company)
- Additional revenue streams for Partnering Members by referring clients for financing for existing clients, apartment loans, commercial property, and construction divisions.
- Superior-quality operational support team with service guarantees
- Ability to offer clients with less-than-perfect credit access to a proprietary lending solution that is not solely FICO or credit score driven
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