SAN DIEGO--(BUSINESS WIRE)--As a result of completing licensing requirements in West Virginia, Plaza Home Mortgage, a top-five wholesale lender in the US by volume, announced it is newly licensed to fund loans in all 50 US states and the District of Columbia. As a wholesale lender, Plaza works with local brokers, bankers, and other financial institutions to fund mortgage loans. Additionally, Plaza has a growing correspondent business, and will conduct correspondent lending 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 every state in the country,” said James Cutri, Plaza’s co-founder and executive vice president of national production. “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 in every state.”
Cutri noted that adding West Virginia is an important part of the company’s strategy of providing excellent service to brokers and bankers throughout the nation. Cutri added that it has always been his dream, shared with his partner, Plaza co-founder and chief executive officer Kevin Parra, to lend in every state.
Plaza creates 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.