Posted on PR Web May 20th 2015

Peak Finance Company Announces Expansion of its Business Model with the Addition of New Warehouse Line of Credit and Call Center

Peak Finance Company, one of the Peak entities, announced today completion of its two year strategic plan for conversion to mortgage banker with the acquisition of its third warehouse line of credit facility. Peak Finance Company is fully operational to offer competitive pricing in class with conventional lenders. According to Rick Knox, Director of Mortgage Sales for Peak Finance Company, “This is a win-win for our client base by improving our application-to-funding time in most cases as much as 34% with an affordable pricing model that puts us on par with the market.”

The transition from mortgage broker to mortgage banker began in the third quarter despite a flurry of post-mortgage crisis regulations imposing new constraints on the conventional mortgage broker standard. Knox believes that the organization is now fully equipped to operate as a direct lender, and to reach the even broader first-time home buyer market as well as current homeowners looking to take advantage of a stronger economy and low interest rate environment. “Peak Finance Company will be doing its part to connect borrowers left out of the loan process with the right products.”

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