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Financial Freedom forms partnership with Seniors Real Estate Specialists Council to provide reverse mortgage education

National Mortgage Professional
Oct 27, 2008

Launch of Mortgage Warehouse Network offers solution for banks to quickly enter the warehouse lending industryMortgagePress.comMortgage Warehouse Network, warehouse lines, Dennis Ferstler, banks, Jeff White Mortgage Warehouse Network has launched a first-of-its-kind "turnkey" solution that includes the back office operations, systems and experienced personnel that banks need to establish and maintain highly profitable warehouse lines quickly, safely and economically. With this ready-to-deploy solution, Mortgage Warehouse Network is providing banks with a fast, safe and simple way to get into one of the most profitable lines of business in the banking industry, at a time when the industry is in dire need of warehouse lending sources. "In these times of low interest rates and surplus capital, banks are looking for ways to bring higher returns on equity while still staying in safe investments," says Dennis Ferstler, Mortgage Warehouse Network's chief executive officer. "Mortgage Warehouse Network answers that need and provides exceptional return-on-equity based on a safe business platform. Many banks are discovering that warehouse lending is not only one of the most lucrative, profitable and safe investment areas for banks, its also now fast and easy to establish." Mortgage Warehouse Network's ready-to-deploy solution allows banks to establish a warehouse line, without the investment, time and development effort involved in creating an entirely new bank division from the ground up. With Mortgage Warehouse Network, banks have the ability to fund their first loans within 60 days of signing up. Mortgage Warehouse Network provides the systems, policies, procedures and human capital required to initiate and maintain a warehouse line, in addition to providing the financial modeling and managing the ongoing credit analysis. "We are essentially boarding single family mortgage loans at a discount for an average of 15 days," says Jeff White, chief operating officer of Mortgage Warehouse Network. "A lot of banks are interested in entering the warehouse lending space, but simply don't want to go through the time, hassle and financial commitment of creating an entirely new division. Now they dont have to. Mortgage Warehouse Network gives fast, simple and economical way to capitalize on the industry's demand for warehouse lines, while helping restore health to the housing industry." Mortgage warehouse lines provide banks with a unique opportunity for to earn high returns on short term investments on single family mortgages, while leveraging under-utilized equity. "From a risk standpoint, the warehouse lending business is now one of the best businesses a bank can be in because the industry is only funding safe, pre-approved agency paper," adds White. Mortgage Warehouse Network is offering a limited number of strategic alliances for qualified banks interested in entering the warehouse lending space. For more information, visit www.MortgageWarehouseNetwork.com.
Published
Oct 27, 2008