Business
Acceptance Capital Mortgage Corporation FHA Non-Supervised Lender
Acceptance Capital Mortgage Corporation FHA Non-Supervised Lender.
About this update from Complete Financial Solutions, Inc.
[{"type":"text","content":"SPOKANE, WA -- April 19, 2011—Complete Financial Solutions Inc. (OTCQB: CFSU), an emerging financial services company that supports its business activities with a proprietary technology platform, today announced that its wholly owned subsidiary, Acceptance Capital Mortgage Corporation, has earned Federal Housing Authority (FHA) Non-Supervised Lender status, effective April 13, 2011.Issued by the U.S. Department of Housing and Urban Development (HUD), Acceptance Capital is now an approved Lending Institution for originating FHA loans. Recent changes to FHA approval requirements required Acceptance Capital to re-apply for direct Lender status, which it previously held until mid-2008. “The improved financial performance of Acceptance Capital and continuing support of our Investor Group helped to make the FHA approval a reality” according to Frank Taylor, President of both Acceptance Capital and CFSI. Mr. Taylor went on to say that “the FHA approval will provide our branches and Loan Consultants with an added tool to better serve our customers. We have always been an FHA Lender but until recently we have relied upon the support of our Lender partners for FHA sponsorship. Being able to direct our FHA activities ourselves will not only mean more competitive pricing to our customers but it will also allow us to enhance our Revenue generating activities, which is good news for our stockholders; and our stockholders include our employees!”About Complete Financial Solutions, Inc. Throughits subsidiary companies, CFSI offers mortgage origination, processing and closing through 60 plus branches licensed in 22 states. Mortgage loan processing services are also offered in all 22 states, online and paperless including document storage. Our business model includes integration of other financial and related services including legal, accounting, financial planning, credit restoration and insurance services to the general population. These services are all connected to some degree with the mortgage loan industry and with each other. For instance, financial planners often utilize insurance products in their client's financial portfolio and often the funds for such insurance products are sourced from a mortgage on the client's house or investment properties. To acquire beneficial rates on mortgage loans often requires h...