2008-11-14 — mortgagedaily.com
A Washington-based lender is becoming a $1 billion player. Business is generated through mortgage brokers and net branches.
NetMore America Inc. today reported approximately $100 million in loan originations during October. Production has soared from just $14 million for all of 2007.
Two-thirds of the business was FHA and one-third was conforming conventional.
If this is just October, then it is pretty impressive they could generate this kind of volume without SFDPA. Of course, FHA now extends well over $600,000 in high cost areas.
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