Premier Nationwide Lending Pursues Opportunities As Regulations Increase

11/04/2013

Flower Mound, Texas – As regulations continue to grow, further limiting lending practices, the mortgage industry is experiencing a retreat by lenders from wholesale channels. This decrease in wholesale providers is putting mortgage brokers in a bind as they scramble to identify lenders still servicing this area of their business. And though some major banks have exited stage right, other mortgage lenders are seeing the highly regulated market as an opportunity to grow and assist customers through what can be an intimidating process.

One such mortgage lender, Premier Nationwide Lending (PNL), continues to expand and commit resources to the wholesale mortgage broker channel of origination. “We are now working with mortgage brokers in 23 states, with several more pending. In addition, we have recently hired several new account executives and are aggressively seeking more,” says Southern Regional Manager, Shane Campbell.

With the recent withdrawal of several major banks from the wholesale channel, including Suntrust, Everbank, and Wells Fargo, mortgage brokers have become uneasy and uncertain about their future. “There is no question that the new regulations, such as QM, have put fear into many in the industry. While others may be shying away from wholesale, PNL sees opportunity,” stated Corey Kirkpatrick, PNL Divisional VP - Production.

“One of our major focuses right now is to educate mortgage professionals on the new regulations without any spin. We have been holding forums across the country talking about QM, QRM, disparate impact and more, to make sure people know the truth about the regulations and not give in to the fear mongering taking place. We want to make sure small business owners know that they have options,” added Mr. Kirkpatrick.

PNL feels that mortgage brokers serve a vital role in a stable housing environment, particularly on the service side. And with many consumers still wanting to live the American dream of home ownership, PNL is focused on putting families into homes.

In 2012 80% of the $2b PNL funded was for purchases, a notable stat when considering the recent decrease in wholesale origination providers. “Our purchase vs. refinance statistics tells me, that while many of the larger banks were focused on refinancing consumers, PNL’s customers were driven by purchase volume and were using a wholesale partner they knew could get the loan closed in a short amount of time,” stated Erin Leck, Northern Regional Manager. “Our conscious commitment to our loyal business partners has helped, and continues to, put thousands of families in homes.”

PNL feels that with their commitment to service and their ability to be more than a partner to mortgage professionals, they will capitalize on this opportunity and continue to demonstrate to those within the industry that they will be there, time and time again, regardless of conditions in the marketplace.

Premier Nationwide Lending is a privately owned Texas mortgage lender. 80% of the residential mortgage loans funded by Premier are for purchases. As a division of NTFN, INC., PNL operates retail, wholesale and correspondent origination channels. Sponsor NTFN Inc., NMLS #75333



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Premier Nationwide Lending has completely exceeded our expectations in the home loan process. We are building our 3rd home and they have gone above and beyond to ensure the best loan product for our needs, as well as saved us a lot of money! When the builder’s lender said a loan was not available, Premier Nationwide Lending’s loan officer worked hard to find that it was indeed available and made it a reality for our family. Words cannot accurately express our gratitude for having been introduced to Premier. Our loan officer was a complete pleasure to work with and someone you can trust with such an important decision!

Mark & Deanna H. - Homebuyer

I’ve been a successful Realtor for 28 years with one of the largest firms in the country. I met a loan officer with Premier several years ago at a seminar and was very impressed with her knowledge of buyer assistance programs, etc. I referred her to several of my first time Buyers and found her to be excellent. Every client that I referred her to was pleased with the process and the service and spoke very highly of her. Her communication skills, her attention to detail, her knowledge of the process, her commitment to getting the job done in a timely manner cannot be matched. Her staff and her processer are the best. I give her name to all of my Buyers, in all price ranges, and highly recommend they talk with her about their new purchase. I have worked with many loan officers over the years and Premier is the best I’ve EVER worked with.

Gerry J. - REALTOR

What a dynamic team of supporting and knowledgeable professionals! Each of my experiences with Premier Nationwide Lending has been nothing short of excellent. When they say, “We pride ourselves in delivering the industry’s best service and experiences,” they mean every word. Thank you for standing consistently behind your commitment. I eagerly look forward to doing more business in the future.

Vanja G. - Homebuyer

Thank you so much, Premier Nationwide Lending, for helping my family move into our dream home! Your hard work and dedication speaks volumes about your personal character. Although we never met in person, you still made a wonderful imprint in our hearts. Thank you for the late nights, patience, timeliness, guidance and thorough explanations throughout our first home buying experience. We definitely couldn’t have done it without you! Premier Nationwide Lending has a “Genuine” on their team, who we just so happened to be referred to. God is Good!

Carlo & Yvonne S. - Homebuyer

I cannot speak highly enough of my experience with Premier Nationwide Lending! I am still in awe of how easy these individuals made the loan process. All my questions and concerns were addressed in a timely manner with a wealth of expert knowledge. I was given the same personal attention one would expect from a local lender. You would have never known that I was working with a lender half a state away. I can say, without a doubt, that when the time comes to buy a new home I will return to Premier Nationwide Lending.

Stephanie B. - Homebuyer

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