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Citywide Mortgage

Mortgage Centre Citywide - How to Qualify for a Mortgage

Series of videos that explain the various steps in the mortgage process Video 1 - How to Qualify for a Mortgage www.chungcheong-mortgages.com ...

Stearns Lending continues expansion, buying piece of Citywide Home Loans

So what’s the upshot for both companies here? For Stearns, the deal is about growing its retail presence, while Citywide will be able to use Stearns technology and capital markets expertise to continue growing.

“Citywide’s long successful track record and outstanding reputation in the mortgage industry, along with our shared values and complementary business models make our companies ideal partners,” David Schneider, CEO of Stearns Lending, said.

“Combining Citywide’s strong retail profile with our industry-leading technology, direct access to capital markets expertise, and operational excellence will produce some incredible benefits and opportunities for both companies,” Schneider continued. “We’ve seen very positive results with a similar structure in our Joint Venture business model, which currently operates under ten different brands across the country, and expect to see the same results or better.

Stearns Lending and Citywide Home Loans Announce Partnership

Founded in 1998 by Steven J. Goorman, Citywide began as a small broker company with a team of 5 employees and a commitment to doing things the right way. Today, the company employs over 700 employees and operates 72 branches across 36 states. In 2017, Citywide originated $3.2 billion in residential loans. Despite their strong growth and tremendous success, Citywide has maintained their small company roots and ongoing commitment to put customers first.

“Citywide’s long successful track record and outstanding reputation in the mortgage industry, along with our shared values and complementary business models make our companies ideal partners,” said David Schneider, CEO of Stearns Lending. “Combining Citywide’s strong retail profile with our industry-leading technology, direct access to capital markets expertise, and operational excellence will produce some incredible benefits and opportunities for both companies. We’ve seen very positive results with a similar structure in our Joint Venture business model, which currently operates under ten different brands across the country, and expect to see the same results or better.”