SearchMyLoan.com Announces Alliance With Brookview Financial
- National rehab lender's specialized products now available
through SML loan search services -
- National rehab lender's specialized products now available
through SML loan search services -
PORT WASHINGTON, N.Y., Nov. 5, 2007 - SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced an alliance with Brookview Financial (Hamden, Conn.), a direct rehab lender providing short-term financing for the acquisition and rehabilitation of residential, non owner-occupied national properties.
Through the partnership, Brookview Financial's loans can be identified and selected by originators through SML's search and pricing platform. Brookview Financial's loans are designed to meet the specific needs of the rehab investor, including pre-established credit facilities, quick closings and prompt rehab draws. Inclusion on the SML platform speeds up the origination process and enables loan officers to offer a wider variety of products to borrowers.
"Most lenders shy away from loans for distressed properties, creating a strong need for a lender to offer these types of loans. Unlike many traditional lenders, Brookview Financial specializes in providing the capital to renovate residential investment properties," said Paul Carrier, director of business development at Brookview Financial. "Our partnership with SearchMyLoan.com is beneficial to loan originators because it makes our products more easily accessible, reducing the time and resources needed to match our loans with the needs of SearchMyLoan.com's subscribers." "In the wake of the subprime and Alt-A collapse, there is a tremendous need for niche, non owner-occupied and "rehab" loan products. Many homes have been foreclosed and are in need of renovation due to the current market conditions," said Salvatore Tomaselli, CEO of SearchMyLoan.com. "Our loan search and pricing engine enables originators to identify the "best-fit" for difficult loans within seconds, thus saving the originator hours of research." - more -
About Brookview Financial
Brookview Financial is a national rehab lender participating in the revitalization of communities throughout the United States. Since its formation in 1992, it has arranged more than $1 billion in financing transactions in various specialized industries. The capital Brookview provides fuels the growth of its client's business and ultimately benefits the communities they serve through quality renovation of houses and increased availability of affordable housing. For more information on Brookview Financial, visit www.brookviewfinancial.com.
About SearchMyLoan.com
SearchMyLoan.com (Port Washington, N.Y.) provides loan search and pricing services to mortgage bankers and mortgage brokers of all sizes. All loan types, such as conventional, sub prime and Alt-A, are supported by the company's online search service. The company fully maintains its own product data and automates the loan search and pricing process. For more information on SearchMyLoan.com, visit www.searchmyloan.com.
CONTACT:
Sarah Wroble
Media contact for SearchMyLoan.com
(678) 781-7236
sarah@williammills.com





