Being approved to issue Ginnie Mae Securities is a great honor and privilege. We are now a member of an elite group consisting of only a few hundred banks and mortgage banks throughout the United States.
ORANGE, CA (PRWEB) December 04, 2012
International City Mortgage (ICM) today announced that it has received approval to issue Ginnie Mae securities.
“Obtaining this approval was an important undertaking for our company and a true team effort,” said ICM President Kirk Hankla.
“Being approved to issue Ginnie Mae Securities is a great honor and privilege,” continued Hankla. “We are now a member of an elite group consisting of only a few hundred banks and mortgage banks throughout the United States. Privileges of this nature have great responsibility and expectations attached to them.”
The company plans to issue its first Ginnie Mae security in January 2013 and will develop additional loan programs during the first and second quarter of 2013.
“2013 is going to be the best in our 26 year history,” said Hankla. “We are all part of something special.”
“This is just the next step in the evolution of our company,” said ICM Executive Vice President Cory Hjelmeir. “Being a Fannie Mae approved Seller/Servicer and now a Ginnie Mae Issuer sets us clearly apart from the competition. The ability to mitigate aggregator service issues and their overlays by retaining servicing represents real benefit to our employees and customers.”
About International City Mortgage:
International City Mortgage, Inc. is a privately held residential mortgage banker. Founded in 1987 on the principles of responsible lending, competitive rates, and exceptional service, they have successfully weathered mortgage industry cycles and are positioned for sustained growth. Their retail branch locations are focused primarily on purchase transactions, which are generated from strong relationships with Realtors and Builders. As an approved Fannie Mae Seller and Ginnie Mae Issuer, they are in a position offer a wide range of financial solutions for homebuyers and homeowners, including Conventional, FHA, VA, USDA, Jumbo and Bond products. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act #4130570. Illinois Residential Mortgage License #MB.6760856. Nevada Mortgage Banker License #3795. Utah Division of Real Estate License #8367544. HUD Mortgagee #7906300005. Business services and products do not originate from HUD, FHA, the Government of the United States, or any Federal, State or local government agency. For more information, please visit the Company website at http://www.icitymortgage.com.