Formerly with Urban Financial Group, she was instrumental in building Urban’s Puerto Rico business prior to joining Moneyhouse in May. division and build out its wholesale business in Puerto Rico. Those relationships are one important reason why others who have launched wholesale channels in Puerto Rico have struggled in the past to get the banks there involved, he says.īanks such as Banco Popular, which has $29 billion in assets and is one of the biggest lenders in Puerto Rico, have largely shied away from offering the product, deciding to refer the business out to someone like Moneyhouse instead of launching their own initiative in house. “Those banks are the companies we will get involved,” Levis says.Įarlier this year, the company hired Sandy Tennekoon to launch its U.S. “With our track record in Puerto Rico, all of the major lenders know and trust us.” “There are five or six FDIC-insured banks that we think can offer the product and because of our relationships, we can make it happen,” he says. Levis is confident that his new wholesale team can do better, and he is starting by targeting the banks. Those lenders- Moneyhouse and Senior Mortgage Bankers-may have a stronghold on the market, but it doesn’t mean there isn’t plenty of opportunity for others, says David Levis, CEO of Moneyhouse.īesides those two, an additional 22 companies comprise the remainder of the production, which has been handled primarily by wholesalers Urban Financial Group and Sun West to date. Thank you for visiting our website.There are two dominanant reverse mortgage lenders in Puerto Rico, which currently control 62.3% of the retail marketplace according to data from Reverse Market Insight. Our commitment is to help you make the best decision possible for you, your family and your financial future. We have a dedicated team in the United States mainland and in the US territory of Puerto Rico. Over the past 20 years, we have developed a strong reputation with our customers and our partners. We focus on providing distinguished, personalized service to each and every one of our clients. Our commitment is to you and your family. We do not answer to investors we answer to our customers. Why is that important? Simple: Because we are a family, we understand the sensitivity that comes with making big family decisions. Moneyhouse is also one of the most highly decorated mortgage banks in the US Territory of Puerto Rico, so you can rest assured that you’re dealing with a trusted team of people who handle every loan with honesty and integrity.įirst and foremost, we want you to know that Moneyhouse is a family-owned company. We are always sensitive to financial decisions that will impact you and those you love. Moneyhouse focuses on providing distinguished, personalized service to each and every one of our clients.
Moneyhouse operates seven branches throughout Puerto Rico and one branch in Orlando, Florida. Moneyhouse is a family-owned company that traces its roots to a single mortgage bank founded in 1997 in Cayey, Puerto Rico.
0 kommentar(er)
