Business
Acceptance Capital Mortgage Corporation Secures Independent Warehouse Funding Line
Acceptance Capital Mortgage Corporation Secures Independent Warehouse Funding Line.
About this update from Complete Financial Solutions, Inc.
[{"type":"text","content":"\n \n Complete Financial Solutions Inc. (“CFSI”)(OTC: CFSU), today announced \n that its wholly owned subsidiary Acceptance Capital Mortgage Corporation \n (ACMC) has secured an independent warehouse line funding facility \n (warehouse line). This warehouse line will offer ACMC additional revenue \n opportunities and more flexibility when choosing the Investors who ACMC \n originated loans will be sold to.\n \n \n Allen Ringer, CEO of Complete Financial Solutions Inc., commented, “This \n is a first step in a process that will involve other initiatives such as \n in-house Underwriting and the use of down-payment assistance programs. \n Some of our current Investors already offer us warehouse line funding \n that we use to fund loans they are interested in buying from us \n directly. This new warehouse line is somewhat of a non-directed \n facility, meaning we can use it to expand the type of products we offer \n to our borrowers as well as receive enhanced fees from the secondary \n market investors. We are very excited to be able to use this warehouse \n line to create new business opportunities.”\n \n \n About CFSI\n \n \n Complete Financial Solutions Inc. is an emerging financial services \n company. Through its subsidiary companies, CFSI offers mortgage \n origination and processing services in 25 states. Acceptance Capital \n Mortgage Corporation (“ACMC”) is a HUD-approved lender allowing ACMC to \n both bank and broker FHA loans. ACMC offers a spectrum of mortgage \n products through a variety of correspondent and broker relationships. \n For more information, visit our website at www.cfsi.biz.\n \n \n This press release may contain forward-looking statements involving \n risks and uncertainties concerning expected performance and comments \n within safe harbor provisions established under The Private Securities \n Litigation Reform Act of 1995. Actual results may differ materially from \n the results predicted and reported results should not be considered as \n an indication of future performance. We believe that potential risks and \n uncertainties include, without limitation: uncertainty regarding future \n revenue growth, operating results and profitability; our business being \n dependent on the health of the mortgage industry; government regulation; \n and the effect of industry re...