1st Metropolitan Mortgage introduces BrightGreen Mortgage program; Toyota Prius sweepstakesMortgagePress.com1st Metropolitan Mortgage, Daniel Jacobs, BrightGreen Mortgage, recycle, Toyota Prius, ecofriendly
1st Metropolitan Mortgage, a national mortgage originator, has
made a commitment to making the mortgage origination process more
environmentally friendly by introducing its national BrightGreen
Mortgage program. The program will give originators the tools and
support to produce mortgages in a more environmentally-friendly
manner while saving borrowers time and money.
Participating branches nationwide will operate in a greener and
far more sustainable way than the current industry standard to
produce mortgages. The mission of the BrightGreen Mortgage is to
provide consumers personalized service and a variety of loan
products with great rates while acting in a more socially
"We do not have to be environmental activists or make radical
lifestyle changes to have a significant, positive effect on our
environment," said Daniel Jacobs, 1st Metropolitan CEO. "Simple
acts go a long way to preserving our future. 1st Metropolitan
Mortgage has always said we have a solid foundation for a better
future. The BrightGreen Mortgage initiative is just another way of
demonstrating our commitment to the future."
The campaign has multiple facets from community initiatives to a
hybrid vehicle sweepstakes to new technology and business practices
to better accomplish the mission of the BrightGreen Mortgage. Best
business practices of the program include paper elimination,
recycling and the use of recycled materials whenever possible.
"As a company in an inherently paper-saturated business, we
believe it is imperative that we take the initiative to reduce
paper and become even more environmentally and socially
responsible," Jacobs said. "This campaign increases awareness
within our organization of corporate social responsibility while
also providing our originators a way to differentiate the goods and
services they provide in a highly commoditized industry, which is
not historically environmentally responsible. Consumers win, we
win, the environment wins and one lucky person will win a Toyota
There are several elements to the BrightGreen Mortgage campaign,
• Consumers will have the opportunity to win a Toyota
Prius hybrid during a six-month sweepstakes. The Prius is one of
the countrys most popular hybrids with gas mileage of 48 mpg in the
• A local coloring contest for students will encourage
young people to share their thoughts about being eco-friendly,
raising awareness of sustainability among the youth. The winning
pictures will be compiled for an eco-awareness calendar that will
contain easy tips on supporting the environment that everyone can
implement with ease.
• There will be a focus on using recycled paper when paper
elimination is not possible.
• Recycling, document scanning and e-signatures (where
allowable) are key elements to the BrightGreen Mortgage.
• The BrightGreen Mortgage is available for all loan
types, including Fannie Mae, Freddie Mac, FHA, VA, Rural
Development and Jumbo loans. Each loan type will be able to take
advantage of varying components of the BrightGreen Mortgage
• 1st Metropolitan will provide special on-going training
to help participating branches become more eco-friendly and create
innovative community involvement campaigns for sustainability.
1st Metropolitan will also plant a new tree for each loan closed
as part of the BrightGreen Mortgage program. The company estimates
that for every loan, 500 pieces of paper are used, which means for
17 closed loans, one tree is consumed 811 gallons of waste water is
created and 242 pounds of green house gases (CO2) are created. This
does not take into consideration the loans that do not result in a
closing, which create substantially more environmental waste
without even fulfilling the objective of a needed closed loan. With
the BrightGreen Mortgage, 1st Metropolitan plans to reduce the
environmental impact of the mortgage process substantially.
"While we cannot eliminate 100 percent of the paper, waste water
and green house gases used in the mortgage process." Jacobs said,
"The BrightGreen mortgage is a major step toward greater
sustainability and helps us stop squandering our environmental
For more information, visit www.1stmet.com or www.brightgreenmortgage.com.