Ginnie Mae Mortgage Banking Company

Mortgage Banking firm looking to purchase company with Ginnie Mae seller/sevicer approval to increase profits 5 fold.

  • Stage Full Product Ready
  • Industry Financial Services
  • Location Irvine, CA, USA
  • Currency USD
  • Founded January 1990
  • Employees 6

Company Summary

We will be a correspondent mortgage banking firm that will buy closed FHA loans from other mortgage banking firms. There are only 330 approved sellers of Ginnie Mae loans in the nation and most don't buy from other companies. We will buy from small banking firms as well as large aggregators, but not from brokers where the mortgage fraud of years past was rampant. We will also have a mid-sized retail origination platform for additional revenue.

Team

  • G S

    Over 20+ years of mortgage banking experience running a mid-sized mortgage company that sold loans in pools to Wall Street. Extensive knowledge in building a platform, operations, secondary marketing and loan sales

  • H P

    Over 10 years of secondary marketing experience with 8 years selling loans to Fannie Mae, Freddie Mac, and Ginnie Mae in loans securities as well as selling direct to the cash window. Experience in selling specified pools and assignment of trades as well as loan hedging models.

  • D C

    More than 20 years experience in mortgage operations. Experience in underwriting, loan sales, documents, funding and supervising team of 30 operations people.

  • Gregg Shanberg

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