Scottsdale, AZ (PRWEB) June 30, 2006
A new mortgage company helps home builders and real estate brokerages establish on-site mortgage companies as joint venture operations.
Jeffrey Smith, founder of JSSmith Mortgage, headquartered in Scottsdale, Arizona, is one of the country foremost experts on creating mortgage joint ventures. He has participated in the creation of more than 100 such companies during his career with some of the largest mortgage firms in the nation and is one of only a handful of experts who has successful launched scores of mortgage joint ventures.
The company operates within the guidelines established by Housing and Urban Development (HUD) to create Affiliated Business Arrangements/Joint Ventures with real estate companies seeking lending partners. “This is a complicated marketplace. Creating an in-house mortgage company is no easy task and experience makes the difference between success and failure,” said Jeffrey Smith. Smith decided to launch his own company earlier this year after watching other companies make the same mistakes he made and learned from well over a decade ago. “It was clear that the creation and implementation of more than 100 joint venture companies gave us an advantage in the marketplace. We know where the pitfalls are and how to avoid them,” he noted.
“Our company is being built on a principal of relationship-lending. We are small, entrepreneurial and the relationships with our clients and lenders are paramount to our company values,” he concluded.
JSSmith Mortgage also provides mortgage solutions for individual home buyers.
People interested in learning about various mortgage options can log on to the company’s website -- http://www.jssmithmortgage.com -- to learn the differences between various loans such as fixed rate or adjustable rate mortgages, understand the benefits of the different loans, calculate potential mortgage payments, research loan rates and even apply for a loan. Businesses interested in establishing their own in-house mortgage companies via the JSSmith Mortgage company joint venture programs can also find information on the website.
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