Plaza Home Mortgage

Plaza Home Mortgage

Mortgage lending and loan servicing solutions

About Plaza Home Mortgage

Simplify's Rating
Why Plaza Home Mortgage is rated
C
Rated D+ on Competitive Edge
Rated C on Growth Potential
Rated B on Rating Differentiation

Industries

Financial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

San Diego, California

Founded

2000

Overview

Plaza Home Mortgage operates in the mortgage lending industry, providing a range of loan products to various clients, including first-time homebuyers and financial institutions. Their offerings include conventional fixed-rate loans, adjustable-rate mortgages, FHA loans, VA loans, home equity loans, and reverse mortgages. The company utilizes two main channels for its business: Wholesale lending, where it partners with brokers to deliver tailored mortgage solutions, and Correspondent lending, which focuses on providing liquidity and efficient loan execution to banks. Plaza Home Mortgage generates revenue through origination and servicing fees, and has recently reintroduced the Solutions Non-QM program to cater to borrowers who may not fit traditional lending criteria. The company prioritizes client education and continuous improvement, offering training sessions and technology enhancements to maintain strong relationships and stay competitive.

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Simplify's Take

What believers are saying

  • Increased demand for Non-QM loans offers growth opportunities for Plaza Home Mortgage.
  • Digital mortgage solutions align with borrower preferences, enhancing customer experience.
  • Expansion of reverse mortgage market provides opportunities to leverage home equity for retirees.

What critics are saying

  • Increased competition in Non-QM market could pressure Plaza Home Mortgage's profit margins.
  • Rising interest rates may decrease refinancing activities, impacting origination fee revenue.
  • Potential stricter regulations on Non-QM loans pose compliance risks for the company.

What makes Plaza Home Mortgage unique

  • Plaza Home Mortgage offers a wide range of loan products, including Non-QM loans.
  • The company operates through Wholesale and Correspondent lending channels for diverse client needs.
  • Plaza Home Mortgage emphasizes client education and technology enhancements for competitive advantage.

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Benefits

Hybrid Work Options

Company News

PRWeb
Nov 27th, 2023
The National Association Of Mortgage Brokers Announces Its Inaugural Corporate Board Of Governors

Newly appointed board will support NAMB's many initiatives including events and educational opportunitiesWASHINGTON, Nov. 27, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers for the past 50-years, is delighted to announce its inaugural corporate board of governors.The members of NAMB's inaugural corporate board of governors will have many duties including:Promote NAMB's initiatives including, but not limited to, calls to action, events, and educational opportunities.Advise NAMB on opportunities regarding national and state outreach programs.Advise NAMB on national and state housing policy issues that are relevant to NAMB's mission and its membership.Discuss and advise NAMB on national and state market conditions and opportunities for its members and partners.The new board will begin meeting in early 2024 and meetings will be held in conjunction with NAMB Focus, NAMB's Legislative and Regulatory Conference and NAMB National. The corporate board of governors is comprised of representatives from NAMB's industry partners, sponsors, and corporate supporters.NAMB's corporate board of governors are:Allen Middleman, Freedom Mortgage (Chair)"The wholesale mortgage industry needs to work cooperatively and NAMB is the organization to foster those relationships," said Allen Middleman, Senior Vice President at Freedom Mortgage. "I'm honored to be named the chairperson of NAMB's first corporate board of governors. We have a lot to do including facilitate lender and vendor training in support of the mortgage professional. I look forward to working with the other board members to expand NAMB's impact across the country."Jeff Leinan , Plaza Home Mortgage"NAMB's launch of its inaugural corporate board of governors is an important initiative as it will help shape the work NAMB does to increase the viability of the American mortgage industry," said Jeff Leinan, Co-President

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