Mortgage Bank Residential Home Funding Announces Police Credit Union Alliance
Mortgage Bank Residential Home Funding Announces Police Credit Union Alliance Residential Home Funding Corp., a New York-New Jersey regional mortgage bank, has announced it has reached an agreement to form a business alliance with the Trenton New Jersey Police Federal Credit Union (Trenton Police FCU) with offices in Trenton and Hamilton, New Jersey.Parsippany, NJ (PRWEB) November 02, 2011
Residential Home Funding Corp. (RHFC) a New York-New Jersey regional mortgage bank has announced it has reached an agreement to form a business alliance with the Trenton New Jersey Police Federal Credit Union (Trenton Police FCU) with offices in Trenton and Hamilton, New Jersey.
The Trenton Police FCU is a member-owned, not-for-profit financial cooperative dedicated to serving its nearly 2000 members. Their motto is "People Helping People" and the FCU has been doing that for over 70 years.
RHFC and Trenton Police FCU will be working together to offer FCU members quality residential mortgage lending services at competitive rates and terms. FCU members can work with licensed mortgage loan originators at the FCU offices, or they can call RHFC directly to obtain information and a mortgage loan application. The program is a natural extension of RHFC’s highly successful “Mortgages for Champions” program which is marketed to uniformed service personnel, such as firefighters, police officers, EMT workers throughout New Jersey.
RHFC President Tom Marinaro stated: “We consider it an honor to work with the Trenton Police FCU, whose members dedicated their lives to serving and protecting the people of New Jersey. Any way that we can assist these members is not only a good business decision but it is also the right thing to do.”
Trenton Police FCU Director of Lending, Maria Shrout said, “Our new working relationship with Residential Home Funding Corp. gives our members a great new benefit and assures them they will be dealing with an organization of the highest quality, with proven business ethics, and one that offers professional member services.
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FCU members can work with licensed mortgage loan originators at the FCU offices, or they can call RHFC directly to obtain information and a mortgage loan application. The program is a natural extension of RHFC's highly successful “Mortgages for
Mortgage investments are classified as loans and receivable investments. Such investments are recognized initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition the mortgage loans are measured at
In other words if someone lied about their date of birth on a mortgage application form it might not be 'operative' - the money would have been loaned anyway whether the person was 35 or 41 years old. What about lying about cash-backs and inflated
The Company received $3.3 million in additional income during the three months ended September 30, 2010 related to the early repayment of the Company's only mortgage loan, partially offset by a reduction in general and administrative expense from the
You have the flexibility to submit the application to one or more lenders in order to sell it, and work with the chosen lender until the loan closes. You have been an extension of the lender … the low-cost provider and friend to the borrower.
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