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Meet The LendersInformation about LendersCMG Mortgage Inc. 1575 Treat Boulevard, Suite 100 General Information
THE CMG MORTGAGE STORY CMG Mortgage, Inc., a California corporation, was formed for the purpose of conducting mortgage banking and brokerage. Its primary business is residential loans for the purchase or refinance of family homes. Since its inception in July of 1993, the company has grown from 8 employees working out of the founder's garage to over 300 employees with offices in San Diego, San Ramon, Walnut Creek and Canton, Georgia. Christopher M. George is the sole owner retaining 100% of issued common stock. Chris George entered the mortgage industry in 1982 and has experience in every aspect of mortgage origination. Prior to starting CMG Mortgage he ran and ultimately sold his company, the Mortgage Broker Network. CMG Mortgage's retail division has a staff of experienced loan officers that specialize in working directly with homebuyers and realtors. In addition, the loan officers that represent CMG have developed strong relationships with several large real estate companies, including Coldwell Banker, Century 21 and Pacific Union. Currently, CMG Mortgage also has Affiliated Business Agreements with four large real estate development companies throughout the country. Combined, these developments will be responsible for building over 8,000 new homes, scheduled for completion by the year 2006. CMG is in the process of building similar relationships with other development companies. CMG Mortgage believes that controlled growth is the key to its success. Currently, CMG is licensed or eligible to do business in 41 States and the company has plans to expand their lending area to all 50 states. CMG plans to accomplish their goal by expanding their current business formula via strategic partnering with local brokers, Associated Business Agreements with additional developers and by utilizing technology to improve the efficiency and cost of lending. Additionally, CMG is in the process of transforming from a seller to a seller/servicer. Since servicing loans is a long-term annuity based commitment on the part of the company, CMG plans to begin by servicing only a small percentage of the production to start, increasing the percentage as the division grows. CMG is also examining plans to diversify its services through the sale of specialty products such as community homebuyer programs, portable loans and ancillary products. As their product mix continues to grow, so will the knowledge and experience of their staff, helping to keep CMG a leader in the home finance field.
Local Branch / Office Locations
The following
is an example of some fees related to a typical $175,000 purchase loan
transaction in the San Francisco area, with this company. This does not
include discount points or origination points, if any, nor does it include
title insurance, local taxes, prepaid interest payments or prepaid escrow
payments for home insurance or real estate taxes. A more complete list,
tailored to your specific loan transaction, entitled "Good Faith
Estimate" or "Mortgage Loan Disclosure Statement" will
be provided to you when you actually apply for a loan.
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