Prudential California/Nevada Realty, a provider of innovative solutions for real estate agents and clients, has named Bank of Commerce Mortgage as a key strategic partner. Bank of Commerce Mortgage was selected as one of two new in-house lenders to support 1,800 agents across Prudential California/Nevada Realty.
This initiative makes Prudential California/Nevada Realty the first large real estate brokerage in the U.S. to offer multi-tiered mortgage solutions to prospective homebuyers and current homeowners.
Among the factors that led Prudential California/Nevada Realty to choose Bank of Commerce Mortgage was the mortgage bank's industry leadership, demonstrated customer commitment and its ability to serve clients in a consultative role.
Bank of Commerce Mortgage, backed by Bank of Commerce Holdings, an $814 million financial services holding company, provides customers with a more advanced level of capital strength than many other mortgage companies and brokerages. The company is a direct-endorsed, Full Eagle Federal Housing Administration (FHA) lender. As a result, Bank of Commerce Mortgage is equipped to independently approve and fund both FHA and conventional loans.
Under the terms of the partnership, Bank of Commerce Mortgage will offer a complete mortgage solutions package that buyers and home owners can access from Prudential's 36 offices across Northern California and Nevada.
"Today's rapidly changing real estate landscape demands that we effectively collaborate with our employees and partners to help drive success through flexible Web 2.0 technologies, marketing strategies, education, events and other resources," said Ed Krafchow, president and chief executive officer for Prudential California/Nevada Realty. "Bank of Commerce Mortgage has taken an active role as a value-added real estate marketing and loan servicing partner. With its capital strength, technological innovation and integrity, Bank of Commerce Mortgage is a great addition to our team and we look forward to a long, mutually beneficial relationship."
"We are pleased to bring Prudential California/Nevada Realty a solid funding source that its buyers can use to complete transactions in the most timely and hassle-free manner," said Ron Perkins, mortgage banker and partner for Bank of Commerce Mortgage. "To this end, we dedicate ourselves to being there for Prudential, providing personalized service to guide clients and agents through the financing details of each unique real estate transaction, every step of the way."
For more information, visit www.bankofcommercemortgage.com or www.PruRealty.com.