My Perspective

If you might be interested in learning more about our new wholesale lender, you should provide your contact info - so you won’t miss anything – please use the Contact link in tihe right side-bar. —> 

In a nutshell they’ll be looking for career-minded ethical licensed Mortgage Brokers who have at least 2 years experience in the industry. You should have a clean criminal background, be financially sound, and have a personal satisfactory credit history (exceptions are approved with a suitable explanation); you cannot operate out of your home, so you’ll need commercial office space with appropriate signage, landlord, long-term lease, etc.

And just so you’ll know, I’m told by the mortgage broker approval supervisor, they will not simply accept transactions from just anybody, they plan on limiting who they’ll do business with – so get your beginning info in right way!
 
 

In this weeks Friday evening article ‘WHAT WE’RE HEARING’ by Paul Muolo Editor National Mortgage News http://www.nationalmortgagenews.com/cgi-bin/hearing/list_old_columns.pl?id=768 - I saw this:

‘Former Beneficial Finance official Peter Cugno thinks the time is ripe to start a wholesale subprime lending company. A mortgage trainer the past few years, Mr. Cugno put out a press release saying he is in the process of raising capital and obtaining the proper licensing. He plans to run the company under the subprime model of yesteryear: when funders closely underwrote loans with a microscope and required refi applicants to have real equity…’

THANKS PAUL!!

I just saw a nice article about our new venture in the paper; looks like Brad Finkelstein’s by line.

THANKS BRAD :-}