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FavoriteAgent.com Introduces In-House Mortgage Company: Hewlette & Levinson Financial Services Joins Internet-Based Real Estate Brokerage
Fayetteville, NC (PRWeb) December 4, 2006 - Matt Jones, Founder and CEO of FavoriteAgent.com, and Arch Williams, President of Arrington, Edgar & Shiel (AES), announce a joint venture in the formation of Hewlette & Levinson Financial Services (H&L). This new company will offer mortgage services to FavoriteAgent.com 's residential and commercial real estate customers, numbering approximately 55,000 every month from its 1400 markets.
Arrington, Edgar & Shiel, a privately held LLC headquartered in Raleigh, NC, manages independent retail mortgage banking companies and title insurance brokerages in joint ventures with mid-sized real estate companies, home builders, real estate developers, financial advisers, and insurance brokers located throughout the southeastern United States. AES views this new joint venture with FavoriteAgent as a way to expand its reach beyond the regional level to the national and then the international. Says Williams, "We consider this strategic partnership an opportunity for our company that should give us the ability to challenge Lending Tree as a leading national residential lender within the next two years."
FavoriteAgent, a privately held corporation opened for business since 2004, is an Internet-based real estate company with agents located in 1400 markets throughout the United States and several other countries, as well as franchise offices in North Carolina, Virginia, New Mexico, and California. With the addition of mortgage financing through Hewlette & Levinson, FavoriteAgent has expanded its menu of real estate services to include real estate brokerage, title insurance, settlement services, technology licensing, real estate brokerage financing, and other real estate-related services. According to Jones, "We're excited by the opportunity to partner with a progressive company like AES, and we see Hewlette & Levinson Financial Services as becoming a household name over the next several years."
For additional information on the news that is the subject of this release, contact Director of Communications Mary Tuley, or visit www.prweb.com.
About FavoriteAgent.com:
FavoriteAgent.com, an Internet-based real estate company with agents in more than 1400 markets in all fifty states and Canada, Australia, New Zealand, Great Britain, and Kosovo, specializes in technology-based real estate brokerage. Its customer-acquisition technology is part of an international revolution in the real estate industry.
Contact:
Mary S. Tuley, Director of Communications
FavoriteAgent.com
(910) 978-8660
http://www.FavoriteAgent.com
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