The Government National Mortgage Association or Ginnie Mae (GNMA) has approved Phoenix based mortgage banker The Lending Company, Inc.
The Government National Mortgage Association or Ginnie Mae (GNMA) has approved Phoenix based mortgage banker The Lending Company, Inc. (TLC) as a direct issuer for the GNMA I and II Single Family Mortgage Backed Securities program.
- Phoenix-Mesa, AZ (1888PressRelease) September 20, 2013 - This approval allows TLC to pool and securitize FHA loans, and provides an avenue for increasing growth by adding those FHA loans to the servicing portfolio. As a GNMA issuer, TLC can expand the mortgage loan products available through its retail lending business. By becoming a direct GNMA lender, TLC eliminates middlemen in the origination-to-capital markets process, benefiting both the company and those it serves.
To obtain GNMA approval, companies must be rigorously screened to demonstrate strong management, solid financial capacity and expertise in originations, underwriting, and servicing.
TLC President Mark Nickel stated "Having Ginnie Mae approval strengthens our competitive position within the market and allows our loan originators to offer a wider variety of loan products at competitive rates. This furthers our mission of creating pathways to affordable home ownership to those in the markets we serve."
About The Lending Company, Inc.
Founded in 1995 by Mark Nickel, TLC is a full service mortgage banker with licensure in 14 states and operations in dozens of key US markets. In an economic environment where many in the mortgage business continue to exit the industry, TLC is executing a strategic and aggressive key markets expansion program.
Media Contact:
Brian Seligmiller, VP
480-621-4226
info ( @ ) thelendingco dot com
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