PrimeLending Supports Military Members and Veterans Via VAREP Conference
DALLAS, July 2, 2014 /PRNewswire/ -- National residential mortgage lender PrimeLending announces that it recently sponsored the first inaugural policy conference of the Veterans Association of Real Estate Professionals (VAREP), held June 8-11, 2014, in Washington, D.C.
Representing PrimeLending at the conference were Vice President/National Director of Multicultural Lending Latonia Donaldson, Senior Loan Originator David Doody (Baltimore, Md.), Loan Originator Roy Bhiro (Melville, N.Y.), Senior Loan Officer J. Rod Flowers (Salisbury, Md.) and Senior Loan Originator Ricardo Pacheco (Sacramento, Calif.).
VAREP's three-point policy positions include: 1) lawmakers must enact financial-literacy policy reforms that benefit service members and veterans 2) the VA loan program must be overhauled and modernized to compete with conventional and FHA loan programs and 3) financial institutions must work with government agencies to address service member mortgage complaints and ensure Servicemembers Civil Relief Act (SCRA) compliance.
According to the findings from the National Veterans Survey, of those who used a loan other than a VA loan, 4.2 percent said their lender and/or real estate agent discouraged the use of the VA loan, while 8.4 percent said they did not know about the program. VAREP believes the actual numbers are much higher.
"The VA mortgage is one of the best loans in the marketplace," says Scott Bristol, PrimeLending's president. "As a proud proponent and originator of VA home loans, PrimeLending understands that veterans and active military members make excellent homeowners because of their loyalty, gratitude and discipline. We aim to serve our veteran and military borrowers with our VA mortgage expertise and local market presence."
For more information and complete details about the VA home loan program, please contact a PrimeLending loan officer at a branch near you.
PrimeLending, a PlainsCapital Company, is a Dallas-based residential mortgage originator with more than 290 locations across the nation. In 2012 and 2013, PrimeLending was listed as the No. 4 mortgage lender in the nation in purchase units.* Offering fixed, adjustable rate, FHA, VA, USDA and jumbo loans, refinancing and relocation programs, PrimeLending is licensed to originate and close loans in all 50 states. Founded in 1986, PrimeLending is a member of the PlainsCapital Corporation family of companies. PlainsCapital Corporation is a wholly owned subsidiary of Hilltop Holdings (NYSE: HTH). Find more information at PrimeLending.com. Equal Housing Lender.
*Source: As listed by Marketrac® for Jan. – Dec. 2012 and 2013.
All loans subject to credit approval. Rates and fees subject to change. Mortgage financing provided by PrimeLending, a PlainsCapital Company. Equal Housing Lender.
© 2014 PrimeLending, a PlainsCapital Company.
PrimeLending, a PlainsCapital Company (NMLS: 13649) is a wholly owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, CO, DE, FL, GA, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI, WY. Licensed by: AL State Banking Dept–consumer credit lic no. MC21004; Arkansas Securities Dept.- combination mortgage banker-broker-servicer lic no. 105190; AZ Dept. of Financial Institutions–mortgage banker lic no. BK 0907334; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act- lender lic no. 4130996.; CT Dept. of Banking–lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking–dual authority lic no. MLB13649; Hawaii Mortgage Loan Originator Company License- license no. HI-13649; IL Dept. of Financial and Professional Regulation–lender lic no. MB.6760635; IN Dept. of Financial Institutions–sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation–supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regulation–lender lic no. 11058; Massachusetts Division of Banking–lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth–broker/lender lic nos. FR 0010163 and SR 0012527; Licensed by the New Hampshire Banking Department–lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division–lender license no. 01890; ND Dept. of Financial Institutions–money broker lic no. MB101786; NY– regulated by the New York Department of Financial Services (415 Madison Ave, Ste 1405, New York, NY 10017); OR Division of Finance and Corporate Securities- mortgage lending lic no ML-5260; RI Division of Banking–lender lic no. 20102678LL and broker lic no. 20102677LB; VT Dept. of Banking, Insurance, Securities and Health Care Administration–lender lic no. 6127 and broker lic no. 0964MB; WA Dept. of Financial Institutions-consumer lender lic no. CL-13649; WV Div. of Financial Institutions–lender license ML31704 and broker license MB-31703. V121013.