Home

1st Metropolitan Mortgage Adds Six New Companies to Preferred Lender and Vendor Programs (PLVP)

Fri, 12/08/2006 - 04:56 — keith

National broker selects partners to enhance services and incentives

CHARLOTTE, N.C.--(BUSINESS WIRE)--1st Metropolitan Mortgage, a division of Empire Equity Group, has added two additional lenders and three service providers to its Preferred Lenders and Vendors Programs (PLVP). Aegis Mortgage Corp. and Credit Suisse Bank have been approved as preferred lenders, and Ellie Mae, Richmond Title and Turning Point have been approved as preferred vendors. The preferred program strategically aligns individual branches with select partners and uses collective buying power to negotiate preferred service levels and pricing incentives that a single branch may not otherwise enjoy.

”Today’s competitive marketplace demands not only aggressive pricing, but extraordinary service levels. Our origination staff relies on third parties, such as lenders and other service providers, to build our reputation with customers,” said Daniel Jacobs, CEO of 1st Metropolitan. “We have created and continue to refine our PLVP in order to provide consistent excellence in everything we do.”

Each branch has the option to choose the lenders that can offer the best product for each origination. They can also select the service providers who best meet their needs.

“We have had the preferred program in place for more than two years, which has resulted in remarkable changes to help our MetroBranches operate more efficiently,” said Brenda Jarvis, director of lender relations. “Benefits of this tailored program are unlimited. By taking advantage of all the services and pricing incentives, MetroBranches can expect at least a 25 percent increase in revenue by closing more of their loans while maintaining a new and reportable return on investment that they never had before.“

There are currently 11 lenders in the program, including Aegis Mortgage Corp., Countrywide Home Loans, Credit Suisse Bank, Equifirst Mortgage, Flagstar Mortgage, IndyMac Bank, NovaStar Mortgage, Option One Mortgage, SouthStar Mortgage, Silver Hill Financial and Wells Fargo Home Mortgage. Preferred vendors now include AmeriPro Processing, Credit Plus, Ellie Mae, Richmond Title, Turning Point, DHL and Corporate Express.

About 1st Metropolitan Mortgage

1st Metropolitan Mortgage, headquartered in Charlotte, N.C. and a division of Empire Equity Group since 2002, is a national mortgage brokerage, is licensed in 49 states with approximately 250 branches nationwide. Leveraging the 23 years of experience of its parent company, MetroBranches have the economies of scale to offer not only the a broad range of loan products through its 150 lenders, but also the newest and most innovative loan products geared toward true financing solutions customized to each borrower’s individual needs.

About Empire Equity Group, Inc.

Empire Equity Group has been in business since 1983 focusing heavily in the Northeastern United States. Since the acquisition of 1st Metropolitan, Empire has established development programs for branch managers, additional infrastructure to meet the needs of branches and installed the latest technology, such as an expanded intranet site and an innovative online loan origination system. For more information, call 704.552.0123.
Contacts

1st Metropolitan Mortgage, Charlotte
Daniel H. Jacobs, 704-926-6104
Chief Executive Officer
djacobs@corporate-office.com
or
Media Contact for 1st Metropolitan
Charlyne H. McWilliams, 301-933-5567

About author

Keith Gregory is the administrator for American Mortgage News. At this stage, most content posted here is in the form of a press release. As such, there is no implied warrently over the contents of an article, or any statement or endorsement of any kind whatsoever.