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Premier Mortgage Resources Affiliate Signs Landmark Contract with National Real Estate Training Firm to Offer Mortgage Banking Services
PR Newswire - July 07, 1999 15:52
Company Will Provide Mortgage Banking Services in 50 Major Markets; Deal Facilitates National Net Branch Expansion
NEW WINDSOR, N.Y., July 7 /PRNewswire/ -- Premier Mortgage Resources, Inc. (OTC Bulletin Board: PMTED), announced today that its affiliate United National Mortgage, LLC has signed a two-year contract with MarketComm, Inc., a national real estate training firm, to provide mortgage banking services to its clients and attendees of its informational conferences held in approximately 50 major cities each quarter.
Donald Wilen, president and chief executive officer of Premier Mortgage Resources, said the arrangement with MarketComm is a landmark transaction for United National Mortgage and will expand the company's net branching presence in the major metropolitan areas MarketComm services. United National Mortgage is a national net branch mortgage banking firm that plans to be licensed to do business in all 50 states in the near future.
Douglas S. Hackett, president and chief operating officer of Fortune Financial Systems of Nevada, Inc. (OTC Bulletin Board: FFSY), said the contract with United National allows the firm to deal with a highly-respected national mortgage banking firm to service its client base and conference participants' financing needs. Previously MarketComm, a wholly-owned subsidiary of Fortune Financial Systems, had retained the services of area brokerage firms for the major U.S. cities it operates in. "This contract establishes a relationship with a national mortgage banking firm," Mr. Hackett said. "The initial tests with United National have been very positive."
"This is by far the most important transaction in the history of United National Mortgage," said Rudy Scott, vice president and national sales manager of United National Mortgage. "MarketComm is a nationally-respected company that conducts highly professional conferences for people interested in real estate investment and finance. Every month, people flock to their sessions and are schooled in the real estate trades and the opportunities that exist today in residential and commercial real estate. The conferences are run by experts in the field, who have achieved tremendous success in real estate investment."
Mr. Scott added that United National Mortgage is currently engaged in recruiting net branch managers or joint venture partners in major U.S. cities to service the numerous transactions generated by the MarketComm training conferences.
MarketComm has recently scheduled comprehensive three-day conferences (where fees are required for attendance) in the following U.S. cities: Chicago; Cleveland; Dallas; Houston; San Francisco; Seattle; Detroit; Buffalo; Rochester and New York City (New York); Philadelphia; Pittsburgh (Pennsylvania); Salt Lake City; Ogden and Provo (Utah); Charlotte; Greensboro and Winston-Salem (North Carolina); Portland (Oregon); Baton Rouge and New Orleans (Louisiana); Las Cruses (New Mexico); Hattiesburg, Jackson and Meridian (Mississippi; Wichita (Kansas); Norfolk and Richmond (Virginia) and other major markets throughout the United States that are being finalized.
MarketComm is headquartered in Salt Lake City, Utah and has offices in New York City. The company's director is Shawn M. Thomas, who will be working with United National Mortgage's New Windsor headquarters staff and net branch personnel to obtain financing for its clients who venture into the field of real estate investment.
United National Mortgage LLC, is a national mortgage banking firm headquartered in New Windsor, N.Y. Participants at the company's net branches gain access to new products, including the wholesale lending business and are eligible for the company's 401(k) plan. The company offers a wide array of financing options for residential and commercial borrowers from conventional financing, 125 LTV loans to B and C loans. |
