SAN DIEGO--(BUSINESS WIRE)--Plaza Home Mortgage, a top-five wholesale lender in the US by volume, today announced it is newly licensed to fund loans in the state of West Virginia. As a wholesale lender, Plaza works with local brokers, bankers, and other financial institutions to fund mortgage loans for borrowers in the state. Plaza also will fund correspondent loans in West Virginia.
“We’re delighted to bring Plaza Home Mortgage’s particular brand of expertise and personal service to mortgage brokers, mortgage banks, community banks and credit unions in West Virginia,” said James Cutri, Plaza’s co-founder and executive vice president of national production. Cutri noted that as a result of Plaza’s licensure in West Virginia, the company will now conduct lending in all 50 US states and the District of Columbia. “Becoming licensed in West Virginia is momentous for us. As a company that is only 15 years old, it’s very gratifying to have grown to such an extent that we are helping make the dream of homeownership a reality nationwide.”
“Adding West Virginia is an important part of our strategy to provide excellent service to brokers and bankers everywhere,” said Michael Pierce, Plaza Home Mortgage account executive. “Our research shows that West Virginia is a great place to live and work, with a lower cost of living than surrounding states, a low crime rate and low property taxes. We’re looking forward to conducting business in West Virginia.”
Plaza will create new relationships with mortgage brokers and others who work directly with consumers to provide mortgage lending. Cutri noted that Plaza brings value to brokers by working with them as strategic partners to help grow their business through marketing assistance, training and education, and providing the finest customer experience.
Plaza Home Mortgage is an independent wholesale and correspondent lender that originates, funds, services, and sells mortgage loans. Founded in 2000 and headquartered in San Diego, Plaza is one of the nation’s top five wholesale mortgage lenders by volume, providing mortgage loans to borrowers throughout the US. Additionally, the company has a growing market share as a correspondent lender. In 2014, Plaza originated or purchased more than $8.5 billion in mortgage loans.