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Argent in the news

National Mortgage Professional
Mar 24, 2014

Argent in the newsmortgagepress.comTeam Argent, charity, Argent Orchestrated, fair lending

Argent employees support childcare center
Formed in 2004, the Argent Cares About Community program allows company associates to become personally involved in decisions to fund charitable organizations serving local communities. Recently, employees at Argent's Rolling Hills, Ill. office made a donation to the Wesley Child Care Center and Preschool. The Wesley Center provides a nurturing, secure and developmentally appropriate environment for children by incorporating the diverse needs of individual families within the community.

Team Argent adds PGA pro DiMarco to roster
Argent Mortgage has entered into a promotional relationship with PGA Tour professional Chris DiMarco. The agreement became effective on the eve of his acclaimed performance at the 2005 Masters Championship, where he came within one stroke of winning the tournament.

While the complete terms of the agreement were not disclosed, the relationship includes Argent Mortgage logo exposure on DiMarco's golf apparel during PGA Tour tournaments, use of DiMarco's image for Argent branding and promotion, and a hospitality component.

DiMarco currently ranks seventh on the official world golf ranking and has finished in the top 20 on the PGA Tour money list for five straight seasons. He is represented by IMG, a sports and lifestyle management and marketing firm.

Commenting on the agreement, DiMarco said, "I am excited about joining Team Argent and carrying the torch for Argent Mortgage on the tour. I am looking forward to matching the success of other Team Argent athletes and the Argent organization."

Established in 2003, Team Argent also includes 2004 Indy 500 winner Buddy Rice, Indy rookie Danica Patrick, U.S. Open champion Jim Furyk and swimmer Michael Phelps, who led the 2004 Olympics with eight medals.

Argent Orchestrated takes center stage
Pairing popular recording artists with symphony orchestras in "one night only" engagements, Elevation Entertainment, a Los Angeles and Cleveland-based entertainment marketing and promotion company, has launched a new concert series, Argent Mortgage Orchestrated.

The concept of Argent Mortgage Orchestrated is to present popular artists in the opposite environment of the critically acclaimed "MTV: Unplugged" format. Instead of stripping music down to the core, the series will offer artists an unconventional opportunity to perform their songs in ways that they choose, with the full backing of some of America's finest symphony orchestras. Each concert will be a "one night only" engagement and staged in intimate, beautiful concert facilities. The series will present up to eight live concerts in various cities across the United States during 2005.

The first three concerts will feature multi-platinum recording and award-winning artists. The series opened in Boston's Symphony Hall with Grammy Award winner LeAnn Rimes and the Boston Pops Orchestra on May 23. The second show, at Minneapolis' Orchestra Hall on Monday, June 13, will feature a second Grammy Award winner, Seal, who will perform with members of the Minnesota Orchestra. The third show will feature Jewel performing with the Cleveland Pops Orchestra at Cleveland's Cain Park on Saturday, July 30. All information related to additional concerts will be released shortly.

"Sponsoring the Orchestrated series is a natural fit for us," stated Wayne Lee, president of Argent Mortgage. "This musical convergence of world-class orchestras and top-performing artists offers a unique and innovative experience. Likewise, Argent takes an un-conforming approach to mortgage lending that helps independent mortgage brokers deliver a superior lending experience for consumers across the nation. We are proud to have the Argent name associated with this sensational concert series."

Internationally acclaimed conductor, composer and arranger Frank McNamara has been chosen to arrange and conduct each show. McNamara, a native of Ireland, has a lengthy and impressive resume including work with the Irish Tenors, the American Tenors, The Whos Roger Daltry, Jeffrey Osborne and others. This past November and December, McNamara arranged and conducted the LeAnn Rimes Orchestra Christmas Tour.

Argent updates fair lending practices
Argent Mortgage Company has revised its Fair Mortgage Lending Practices, which help develop higher standards and promote an environment in which informed consumers may work with reputable brokers to obtain lending services at a fair and reasonable cost.

Some of the new features of the companys Fair Mortgage Lending Practices were created to help brokers better inform consumers about the mortgage lending process. The first addition is a consumer education resource center located at, which walks borrowers through key questions about homeownership, getting a loan and key lending laws. The company has also added a new set of "plain language" disclosures to the borrower's early RESPA disclosure documents and final closing package. These documents provide information intended to help the borrower better understand the mortgage process, verify key pieces of information, and clearly identify estimated and final costs associated with a mortgage loan. Also added were new limits to broker fees, which may not exceed five percent of the loan amount.

"Many brokers are concerned about recent and pending legislation and its potential impact on providing fair fees for the valuable services they offer," said Jeff Gillis, executive vice president of operations at Argent. "To that end, we believe that setting higher standards for fair mortgage lending practices is vital to the health of the mortgage lending industry and will benefit brokers, consumers and the industry at large."

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Mar 24, 2014