CMG Financial launches new name for its retail division, CMG Home Loans | New

SAN RAMON, Calif., Aug. 11, 2022 (GLOBE NEWSWIRE) — CMG Financial, a well-capitalized private mortgage banking company headquartered in San Ramon, Calif., announced the launch of a new retail division name, CMG Home Loans. The new name and corresponding tagline, “Home Loans, Simplified. Trusted. Committed”, allow a more dedicated approach to consumers and offer them more direct access to its resources.

CMG Financial’s retail division is the oldest in the company’s decorated history. Established in 1993, CMG’s retail division has since grown from a small seven-person brokerage in Pleasanton, California, to an award-winning national lender with more than 240 branches and more than 700 loan officers. Since 2008, it has continued to exceed projections. Retail loan funding grew by more than 700% from 2008 to 2010 and has since surpassed $15 billion in 2020. CMG Financial has also seen phenomenal growth in its correspondent and wholesale channels. Collectively, CMG’s three origination channels have totaled over $50 billion in funded loans and earned the company recognition as a Top Verified Producer in 2021 by Scotsman Guide Media. CMG Financial is also recognized as a Top Lender Overall by US News and World and as a Top Lender by Business Insider.

CMG Home Loans is expected to continue CMG Financial’s growth while increasing its focus on consumers. In this pursuit, investments will be made to simplify the consumer experience, create lifetime value for our existing customers, and open more pathways to homeownership through education and affordability initiatives. In addition to a large number of loan program options, CMG Home Loans will continue to innovate and enhance proprietary programs such as All In One Loan™ and HomeFundIt™, which have helped them become recognized as the one of the best lenders for new and seasoned homes. buyers.

The All In One Loan™ offers homebuyers and homeowners a huge opportunity to easily lower the cost of mortgages faster, without changing their budget. Unlike standard conventional loans, the All In One Loan™ merges home financing with personal banking into one financial tool, allowing customers to use idle money to reduce their mortgage balance while still having access to these liquid funds longer than a traditional home equity line of credit. credit (HELOC). Often the All In One Loan™ can help borrowers pay down their balance 2-4 times faster than traditional loans and save tens of thousands of dollars in interest charges. HomeFundIt™ is an easy-to-use online platform that allows homebuyers to create a custom contribution campaign, collect online payment gifts, and accept contributions from anyone with a credit card or debit – with no fees or offline paperwork.

CMG Home Loans is focused on empowering homebuyers with a better understanding of mortgages and home ownership. The company plans to do this through online homebuyer training, homebuyer events and strategic partnerships.

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About CMG Financial

CMG Financial is a well-capitalized private mortgage bank founded in 1993. The company makes its products and services available to the market through three distinct origination channels: retail lending, wholesale lending and correspondent lending.

CMG Financial currently operates in every state, including the District of Columbia, and holds federal agency loan approvals with HUD, VA, RHS, GNMA, FNMA, and FHLMC. CMG Financial is widely known in the mortgage and housing markets for its responsible lending practices, industry and consumer advocacy, product innovation and operational efficiency.

Media Contact:

Annaugh Madsen

Telephone: (667) 260-6360

Email: [email protected]

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