by Real Estate News Source
The real estate “meltdown” and the resulting economic downturn over the last few years drastically changed the U.S. mortgage industry. Many mortgage brokerage firms were driven out of business and those that survived are still facing tough times financially. Many of the surviving mortgage brokerages were forced to lay off staff and slash other costs including marketing expenses.
There are however a few exceptions that are thriving in this very difficult lending environment. An example is a northern California company called JVM Lending. Their growth in a difficult market can be attributed to a three key factors. First, they maintain wholesale relationships with a network of more than 50 lenders that allows for tremendous flexibility with respect to rates and guidelines. This is essential when securing mortgage financing in these difficult economic times. Second, unlike many brokerage firms, they specialize in every aspect of residential mortgage financing, including First Time Home Buyer Financing, FHA Financing, REO (Real Estate Owned) Financing, Rate and Term and Cash-Out Refinancing, 203k Construction Financing, and Investment Property Financing as well as financing options that are simply not available at many other lenders. And Third, JVM Lending takes customer satisfaction to a new level by maintaining direct interaction with their clients throughout the loan process to ensure total satisfaction.
As the economy continues to rebuild there is no telling what the future holds for the real estate market. In any economy, however, businesses that create a competitive advantage through the quality of their products and client services will continue to thrive.
To learn more about the company discussed in this article, visit their website at www.JVMLending.com, or call them toll free at 866-267-5777.