TeraVendo releases free loan origination software

No Red Tape to double sales staffMortgagePress.comJumbo wholesale mortgage lenders, No Red Tape Mortgage No Red Tape Mortgage is doubling its sales staff with plans for nationwide coverage to better reach its broker customer base. The company is poised to grow despite a shrinking marketplace and layoffs across the industry. In March, No Red Tape Mortgage experienced a more than 35 percent increase in funding volume over February's totals. In 2005, the firm funded $3 billion in loans, an almost 60 percent increase in volume from 2004 and a company record. No Red Tape Mortgage is a jumbo wholesale mortgage lender based in Sherman Oaks, Calif. For more information, call (800) 300-9017 or visit www.noredtape.com.