NetMore America expands into East Coast marketplace

NetMore America Inc., an expanding next generation mortgage banker, announced that it has expanded its geographic footprint into the East Coast marketplace by establishing a presence in the state of Maryland. The company received its state of Maryland Mortgage Lender Licenses from the Office of the Commissioner of Financial Regulation and can now originate residential mortgage loans throughout Maryland. “NetMore is building a nationwide lending platform in a responsible and strategic manner by focusing on states with high potential for quality business. Today, we believe those markets are based on the East Coast in the Mid-Atlantic region, which includes areas such as Maryland, Virginia and Washington D.C., as well as in states such as Florida, Pennsylvania and New Jersey," commented Mark Freedle, president and CEO of NetMore. “Our company’s model is based on superior service, risk management and creating efficiency. We will only partner with the highest quality mortgage brokers and retail branch systems in any new market we enter.” NetMore has begun originating mortgages in Maryland through its wholesale lending program that conducts extensive background checks on all mortgage brokers prior to approval and will follow by building its professional branch system, which is dedicated to supporting only the very best retail mortgage professionals in their respective markets. Currently able to do business in 26 states and operating 18 professional retail branches, NetMore’s production volume recently surpassed the $1 billion milestone for its fiscal year ended September 30, 2009, a 300 percent increase compared to the same period in 2008. For fiscal-year 2010, the company is projecting production volume to increase to the $1.3 billion-$1.5 billion range. For more information, visit www.netmoreamerica.com.