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CMG Financial Experiences Record Growth in 2014

NationalMortgageProfessional.com
Nov 21, 2014

The Consumer Services channel of CMG Financial is dedicated to helping consumers navigate the path of homeownership, and opened 15 new branches across the U.S. in order to better serve consumers and their homebuying needs. Consumer Services is now licensed to lend in 48 states and the District of Columbia. In the third quarter, this channel outpaced their production forecast by 104 percent.

The following cities opened a new CMG Financial branch with industry experts and professionals:

►Corona, Calif.
►Irvine, Calif.
►Atlanta, Ga.
►Urbandale, Iowa
►Burnsville, Minn.
►Charlotte, NC
►Edmond, Okla. (two locations)
►Austin, Texas
►Cypress, Texas
►Frisco, Texas
►Lubbock, Texas
►The Woodlands, Texas
►Salt Lake City, Utah

CMG's Wholesale Lending Divison reported an increase in purchase volume to nearly 60 percent, over 24 percent in 2013, as well as a 32 percent increase in the non-delegated mini-correspondent channel over the second quarter. They have also expanded their presence in the Northeast through adding a team of account executives to fund brokered loans.

CMG's Correspondent Lending Divison achieved 28 percent growth in Q3 over Q2, and established its product development in the industry with the introduction of the new loan product non-warrantable condos. They also joined Lenders One, a national alliance of independent mortgage bankers, correspondent lenders, and suppliers of mortgage services, as a Preferred Investor. Correspondent Lending made strides in maintaining their reputation for being a flexible and agile channel dedicated to individualized client service and a commitment to mutual success. ­­  

Published
Nov 21, 2014