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Complete Financial Solutions, Inc.
ACMC EXPANDING ITS CORRESPONDENT LENDER RELATIONSHIPS
Published Nov 13 2009
4 min read

ACMC EXPANDING ITS CORRESPONDENT LENDER RELATIONSHIPS

ACCEPTANCE CAPITAL MORTGAGE CORPORATION (ACMC), A WHOLLY-OWNED SUBSIDIARY OF COMPLETE FINANCIAL SOLUTIONS, INC, TODAY ANNOUNCED IT IS EXPANDING ITS CORRESPONDENT LENDER RELATIONSHIPS

 

Spokane, WA, November 13, 2009.  Pink OTC Symbol CFSU

 

In anticipation of pending regulatory changes coming in 2010, and in recognition of a long-standing partnership, ACMC has been approached by one of its top Lender partners to coordinate a direct correspondent banking line for ACMC.  This banking line will provide ACMC with the opportunity to close loans in its own name and share in the profit margin from the banking side of the business.

 

Additionally, the new regulations being implemented in January, 2010, that will prove onerous to traditional mortgage brokerage business will not apply to business conducted on the correspondent banking lines.

 

This “direct” correspondent banking relationship will be in addition to an existing “brokered” relationship which the company currently enjoys.

 

About Complete Financial Solutions, Inc.  

 

Through its subsidiary companies, Complete offers mortgage origination, processing and closing through100 plus branches licensed in 23 states. Mortgage loan processing services are offered in all 50 states, online and paperless including document storage.

We also have begun to acquire or start businesses providing legal, accounting, financial planning, credit restoration and insurance services to the general population. These services are all integrated 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 helping a client increase his/her credit score which in turn can require legal and accounting advice or services. By providing all the above mentioned services we are better able to retain the customer as he never has to access the services elsewhere and we are able to collect multiple fees from the same core customers.

 

Forward Looking Statements.

 

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe,""plan," "estimate," "expect," "intend,""may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our Form10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise