SIRVA Mortgage Provides Home Equity Loss Protection Benefits

SIRVA Mortgage Inc., one of the largest national relocation mortgage providers, has announced a strategic relationship with EquityLock® Solutions, Inc., one of the nation’s leading providers of home equity loss protection. SIRVA Mortgage will be offering EquityLock Protection as part of its Affinity Program and Marketing Assistance Program.

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Cleveland, Ohio (PRWEB) October 04, 2012

Cleveland, OH - (October 4, 2012) - SIRVA Mortgage Inc., one of the largest national relocation mortgage providers, has announced a strategic relationship with EquityLock® Solutions, Inc., one of the nation’s leading providers of home equity loss protection. SIRVA Mortgage will be offering EquityLock Protection as part of its Affinity Program and Marketing Assistance Program. With EquityLock Protection, homeowners will be eligible to receive a market downturn payment to recoup up to 5% based on their original mortgage amount if they sell their home within the first 5 years of ownership.

The home equity loss protection is simple – at time of loan closing with SIRVA Mortgage, EquityLock Protection uses the local House Price Index (HPI) provided by the Federal Housing Finance Agency at http://www.fhfa.gov to determine market movement for future market downturn payments. After a two year waiting period, SIRVA Mortgage customers can sell their home for a profit or loss and still be eligible to receive a check if their local House Price Index (HPI) has decreased.

“Customer satisfaction is imperative to our success at SIRVA Mortgage,” remarked Paul Klemme, President of SIRVA Mortgage. “Moving to a new home can be stressful. By expanding our mortgage services to include EquityLock Protection, our goal is to significantly improve the customer experience.”

“Corporations can now give their employees a reason to feel confident about buying instead of renting,” states Ted Rusinoff, President of EquityLock Solutions. We are pleased SIRVA Mortgage will be one of the mortgage companies to help us restore confidence in home ownership.”

EquityLock Protection is currently available nationwide and made available to mortgage applicants with SIRVA Mortgage.

About SIRVA Worldwide, Inc.
SIRVA Mortgage, Inc. is an affiliate of SIRVA Worldwide, Inc. A leading worldwide provider of relocation and moving solutions, SIRVA Worldwide, Inc. (http://www.sirva.com) provides more than 230,000 relocations per year to corporations, government employees, and individual consumers through its family of companies. The Company delivers the best mobility experience at the lowest total cost to relocate through complete management of the global supply chain, the world’s leading global operations, industry-leading risk management processes, and full accountability and transparency of costs. SIRVA’s family of companies includes Allied, Allied International, Allied Pickfords, Allied Special Products, DJK Residential, Global, northAmerican, northAmerican International, SIRVA Mortgage, SIRVA Relocation, SIRVA Move Management, SIRVA Global Relocation, Inc. and SIRVA Settlement.

About EquityLock Solutions, Inc.
EquityLock Solutions specializes in protecting consumers against one of their biggest financial real estate risks through its flagship product, EquityLock Protection. The company’s vision is to help turn around the current U.S. housing industry and restore homeownership confidence in real estate values nationwide. EquityLock Solutions is led by an executive team with more than 100 years of collective experience in using financial products to meet the needs of individuals and families throughout the United States.

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For more information on this topic, or to schedule an interview with Paul Klemme, please call 216-606-4145 or contact him at paul.klemme@sirva.com.

This not an offer of credit. This is not an offer to enter into an interest rate lock-in agreement. Mortgage approvals are rendered based on individual credit qualifications.
SIRVA Mortgage is engaged in the business of originating residential mortgage loans. SIRVA Mortgage is not a depository institution and does not act as or represent itself a full service bank. Reference to the term “mortgage banker” is a common, accepted industry term referring to companies engaged only in the business of making mortgage loans. Various state laws and regulations and our individual license in various states refer to us as a mortgage lender, mortgage banker or mortgage broker. Please see the complete license disclosure below.
SIRVA Mortgage, Inc. is licensed by (among others): Arizona Licensed Mortgage Banker, License #BK-0901430; Licensed by the Department Corporations under the California Residential Mortgage Lending Act, Lender License #413-0944; Check the license status of your mortgage loan originator at http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee #6221; Illinois Residential Mortgage Licensee licensed by State of Illinois Department of Financial and Professional Regulation, Division of Banking, 122 S. Michigan Avenue, Suite 1900, Chicago, IL 60603 (212) 793-3000 http://www.idfpr.com License #MB.0004037 ; Kansas Licensed Mortgage Company, License # SL.0000368; Massachusetts Mortgage Lender, License #ML1341; Licensed by the Mississippi Department of Banking and Consumer Finance, Mississippi Licensed Mortgage Company #369/2010; Missouri Residential Mortgage Licensee; Montana Mortgage Lender License #2240; Nevada Mortgage Broker License #1043, 225 Redfield Parkway, Suite 204, Reno, NV 89509 775-826-1171; Licensed by the New Hampshire Banking Department; Licensed by the New Jersey Department of Banking and Insurance; New York Licensed Mortgage Banker by the N.Y. State Banking Department; Ohio Mortgage Broker License #MB.803887.000; Oregon Mortgage Lender license # ML186; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; Texas Mortgage Lender, License # 2240#; Licensed as a Mortgage Lender by the Virginia State Corporation Commission, license #MC-310. This is not an offer of credit or an offer to enter into an interest rate lock-in agreement nor is this notice of loan approval. NMLS Unique Identifier# 2240. Main Office of SIRVA Mortgage, Inc.; 6200 Oak Tree Blvd., Ste 300, Independence, OH 44131; Telephone: 1-800-531-3837. Information last updated 7/25/2011

Texas Mortgage Banker Disclosure Pursuant to the Requirements of Section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator Act, Chapter 157, Texas Finance Code, You Are Hereby Notified of the Following: Consumers Wishing to File a Complaint Against a Mortgage Banker or a Licensed Mortgage Banker Residential Mortgage Loan Originator Should Complete, Sign and Send a Complaint Form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint Forms and Instructions May Be Downloaded and Printed from the Department’s Website at WWW.SML.TEXAS.GOV. A Toll-Free Consumer Hotline is Available at 1-877-276-5550.The Department Maintains a Recovery Fund to Make Payments of Certain Actual out of Pocket Damages Sustained by Borrowers Caused by Acts of Licensed Mortgage Banker Residential Mortgage Loan Originators. A Written Application for Reimbursement From the Recovery Fund Must Be Filed With and Investigated By the Department Prior to the Payment of a Claim. For More Information about the Recovery Fund, Please Consult the Department’s Web Site at WWW.SML.TEXAS.GOV.


Contact

  • ted rusinoff
    ted@equitylock.com
    3306203559
    Email