Creative Mortgage Lending Announces Three New Operating Licenses.Nonprime lender provides products in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Maryland SOUTHFIELD, Mich. -- Creative Mortgage Lending (CML 1. CML - A query language. ["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986]. 2. CML - Concurrent ML. ), a wholesale lender specializing in Alt-A and nonprime lending, announced the company has acquired new operating licenses in South Carolina, North Carolina and Maryland. CML's entire suite of loan products is now available to brokers in each state. CML is one of few Alt-A and nonprime lenders that continue to operate successfully in the current nonprime market. Since many nonprime lenders have closed due to the market shakedown, brokers in South Carolina, North Carolina and Maryland will have an avenue through CML to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. the mortgage needs of their borrowers with less than perfect credit. CML's primary goals are to remain focused and committed to its brokers and continue to provide rapid turnaround times (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. for clients nationwide. "CML is expanding into the healthiest markets in the country. We continue to grow despite the state of the current climate," said Blaise Dietz, president and co-CEO of Creative Mortgage Lending. "Most Alt-A and nonprime lenders have already shut their doors, but brokers can still partner with us and close a loan in less than a week." The company currently offers stated income 100 percent loan-to-value with a 660 credit score and a two tradeline product down to a 600 credit score. Other products include CML's Hybrid Pay Option ARM program, Nonprime Standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. Second program, low-range core rates, mid-range expanded rates and platinum rates. CML's platinum rates are the most stringent credit product with the best nonprime rates. About Creative Mortgage Lending Creative Mortgage Lending (CML), founded in 2000, is a wholesale lender specializing in Alt-A and nonprime lending. CML is backed by one of the largest private equity groups in the Midwest. With more than 20 years of mortgage industry experience, CML provides brokers with industry leading products and service to meet their clients' needs. The company currently has relationships with more than 500 brokers, holds operating licenses in several states and continues to expand throughout the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information about Creative Mortgage Lending, visit www.cmldirect.com. |
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