PICO RIVERA, CA (PRWEB) October 23, 2012
International City Mortgage (ICM) today announced that it has opened a new retail loan origination branch in Pico Rivera, CA to serve the residential home loan needs of homebuyers and homeowners in Pico Rivera and surrounding communities.
With over 10 years of residential lending experience in the area, the newly named Branch Manager, Lissett Acuna, is confident that she has what it takes to run a successful office for the respected direct lender. I am a leader with vision. I can visualize where I want to take this office, said Acuna. And I have dedication. I will invest the necessary time and energy to accomplish the goals Ive set for my branch.
Ms. Acuna believes that her mortgage and academic background has provided the foundation necessary to be both a competent manager and skilled advisor to her borrowers. My processing experience especially benefits the borrowers I work with because I can educate them about every step in the loan process to the point that they can feel completely comfortable. In additional to her mortgage lending knowledge and experience, Ms. Acuna has a Business Degree from Cal State Fullerton and has recently graduated with an MBA from the University of Phoenix.
We are very excited about opening our new branch in Pico Rivera. It will help to expand our footprint in the greater Los Angeles area,said ICM Production Vice President Richard Murphy, who was instrumental in opening the new office. ICM continues to grow while other companies are shrinking or closing. Working for a company committed to service and fulfilment, in addition to our unique management platform, gives me the competitive edge I need to recruit loan officers and open new branches. I could not be more excited, and Im looking forward to the continued growth our company is experiencing.
“We are pleased Lissett chose ICM . She has a strong track record of success in the industry, as well as a reputation for integrity and exceptional customer care. Were confident that she will excel with this opportunity to manage an office that we believe has enormous growth potential, said Mike Matthews, ICM SVP of Production.
Ms. Acuna shared her enthusiasm about joining the company, I am very excited to join ICM. I feel that I fit right in; as if all my years in mortgage have been preparing me to become part of this great company.
About International City Mortgage:
International City Mortgage, Inc. is a privately held residential mortgage banker. Founded in 1987 on the principles of responsible lending, competitive rates, and exceptional service, they have successfully weathered mortgage industry cycles and are positioned for sustained growth. Their retail branch locations are focused primarily on purchase transactions, which are generated from strong relationships with Realtors and Builders. As an approved Fannie Mae Seller and Ginnie Mae Issuer, they are in a position offer a wide range of financial solutions for homebuyers and homeowners, including Conventional, FHA, VA, USDA, Jumbo and Bond products. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act #4130570. Illinois Residential Mortgage License #MB.6760856. Nevada Mortgage Banker License #3795. Utah Division of Real Estate License #8367544. HUD Mortgagee #7906300005. Business services and products do not originate from HUD, FHA, the Government of the United States, or any Federal, State or local government agency. For more information, please visit the Company website at http://www.icitymortgage.com.
Contact Information
Debbie Shetland, Marketing Coordinator
International City Mortgage
714-637-6200
debbie.shetland(at)icitymortgage(dot)com
Miami Hard Money Lender, Quick Action Mortgage, Comments on Recent Housing Market Increase and Possible Effects on Florida Hard Money Lending
Sunday, October 28th, 2012Miami, FL (PRWEB) October 26, 2012
Many people are pleased with the U.S. Census Bureaus report of a 15% increase in new housing starts from August to September. This group of contented people includes hard money mortgage lender Jeff Karr of Quick Action Mortgage. Jeff Karr has been in the mortgage industry since 1988, so he knows first hand that when the housing market is doing well, businesses are also doing well. In a recent interview, Jeff Karr answered questions about how the improvement in the housing industry may positively relate to the hard money lending industry. For more information on Jeff Karr, Click Here for his website.
This is what Jeff Karr had to say about the recent 15% increase in new housing starts:
The U.S. housing market is getting back on the right track. That is great news for builders, buyers, and hard money mortgage equity lenders. Building new homes is critical in any real estate market and hard money mortgage equity loans will help people with poor credit. These loans will also help increase the much needed sales that the builders need to sell their properties. So, as you can see, hard money equity or mortgage equity loans are an important piece in the recovery of Americas housing market. These loans will increase builders inventory and increase property ownership for people with poor credit.
Since housing inventory is on the rise, it is vitally important that buyers are able to meet this increase in available houses. With recent changes in lending guidelines after 2008, buyers are looking for alternatives to the traditional bank loan:
U.S. Federal Banks are so difficult with their underwriting qualifications. Many people will not qualify for a mortgage loan because their credit is not up to par with the banks strict guidelines, and subsequently they will lose a chance to buy a house during the housing recovery. This is where a hard money mortgage equity loan comes into play. Jeff explains.
Builders putting their money into investment properties is a large part of the recovery. As young couples may not be able to afford a new home, they are able to get out of their parents extra room and get into an apartment. Savvy real estate investors are taking advantage of this and building apartment and duplex structures faster than ever. Jeff Karr explains the difference in qualifications between a hard money loan for investment versus homestead purposes.
With a hard money mortgage loan, if you are purchasing an investment property, all you need is equity and 45% – 50% cash down to qualify, regardless of your credit. If you are purchasing or refinancing a property where you will live, you still need to show the ability to pay back your loan with annual income. However, you can still qualify with bad credit. The banks guidelines may get even more strict in time so we are fortunate that these types of loans are available for buyers and builders.
Overall, these recent numbers show very positive movement in the U.S. economy, and at the perfect time as presidential campaigning is in full swing. While this is a very positive sign, only time will tell if this upward trend is consistent.
About Jeff Karr, Quick Action Mortgage:
Jeff Karr is the owner and president of Quick Action Mortgage, a licensed Miami hard money mortgage business serving Miami, Broward County, Dade, Palm Beach, Port St. Lucie, and the Florida Keys. They can be contacted directly at (305) 232-7817 or visit http://www.fkmortgage.com/ .
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