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