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Mortgage Companies Join Forces Creating Powerful Lending Platform
San Ramon, CA (PRWEB) February 23, 2008 -- Premiere privately held mortgage companies have formed an affiliation to become one of California's largest retail mortgage lending organizations. BWC Mortgage Services and StoneCastle, Land & Home Financial announced today they have joined forces with annual loan origination volume exceeding $2,000,000,000. Additionally, Paragon Mortgage Bankers (Alamo), the former Concord California branch of All California Mortgage and Bay Area Funding Group, the lending division of Remax Accord, a local real estate powerhouse with over 400 Realtors® in eight offices have also joined forces with BWC Mortgage Services.
BWC Mortgage Services (began in 1994 and formerly a division of the Bank of Walnut Creek) provides mortgage banking, FHA lending capabilities, multi-state licensing and industry leading technology. StoneCastle contributes extensive experience and quality loan volume, which when combined with BWC will result in superior lending options and pricing for consumers.
"With the passage of the federal economic stimulus package and the likelihood of conforming loan limits being raised substantially in California, we are forecasting a great year to deliver quality real estate financing solutions to consumers, builders and Realtors®," said Richard Fahey, StoneCastle CEO.
"Borrowers benefit with expanded loan options and better pricing and that's a win-win for our clients and employees. BWC remains at the forefront of the lending industry and we are thrilled to be affiliated with such outstanding organizations," said Scott Simonich, CEO of BWC.
BWC Mortgage Services now operates with over 200 Loan Agents in 21 branches. BWC is a direct lender and is approved by the Federal Housing Administration. The company maintains an active membership in CAMB, California Association of Mortgage Brokers, which acts as consumer advocacy group promoting responsibility and best business practices among the lending community
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