International City Mortgage Opens Regional Operations and Production Center in Reno, NV

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International City Mortgage, a privately held residential mortgage banker since 1987, announces the opening of its new regional operations and production center.

International City Mortgage (ICM) announced today that it has opened a new Regional Operations and Production Center (ROPC) to support the company’s continued growth plans, provide infrastructure redundancy, and to serve the residential home loan needs of homebuyers and homeowners in Northern Nevada.

As the company continues to expand geographically in the Western U.S., they understand the importance of servicing their customers locally. “We feel the opening of our Regional Operations and Production Center in the South Meadows area of Reno is the next step in our goal to provide best in class service, products and rates to our internal and external customers,” said Cory Hjelmeir, ICM Executive Vice President. “The Northern Nevada housing/job market has had a challenging time through this last cycle, but local business leaders believe the marketplace is prime for a comeback. The area has low taxes, high quality of life, abundant recreational activities, and a pro-business climate.”

“In addition,” Hjelmeir continued, “ICM has taken a serious interest in the revitalization and growth of the region by becoming a Major Investor in EDAWN (Economic Development Authority of Western Nevada). ICM has also invested in its own future and the region’s future by becoming a Corporate Partner of the UNR College of Business. We are very proud of our associations and investments within the community and believe that our relationship with the UNR College of Business will provide us with a wonderful pool from which to draw employees and access to some of the best young minds anywhere.”

As a FNMA seller/servicer and an issuer of GNMA securities, International City Mortgage takes its responsibilities very seriously. "We opened an operations and production center in Reno for several reasons,” said Kirk Hankla, ICM President and CEO. “Among them is that having operations in Reno gives us the redundancy and the disaster recovery ability that is deemed preferable by our regulators and creditors.”

One goal for the new regional facility is to deliver exceptional levels of service. An example of exceptional service levels is the fact that the first purchase transaction originated at the new facility was completed on the 22nd day after the application was taken by a loan officer.

About International City Mortgage:

International City Mortgage, Inc. is a privately held residential mortgage banker founded in 1987. As an approved Fannie Mae Seller and Ginnie Mae Issuer, they are in a position to offer a wide range of financial solutions for homebuyers and homeowners, including Conventional, FHA, VA, USDA, Jumbo and Bond products. Equal Housing Lender. NMLS #222730. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act #4130570. Hawaii Mortgage Loan Originator Company #HI-222730 (International City Mortgage, Inc., DBA Pacific Rim Mortgage). Illinois Residential Mortgage License #MB.6760856. Nevada Mortgage Banker License #3795. Oregon Mortgage Lending License #ML-5205. 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.

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