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 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 better serve the customer and will thereby retain the customer’s business throughout their financial life cycle.
Forward Looking Statements
This release may include 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 Form 10-K and other reports filed with the regulatory bodies. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-lookingstatements, whether as a result of new information, future events orotherwise