NetMore America Expands Geographic Footprint by Entering East Coast Market

PRLog (Press Release) - Dec 11, 2009 -
WALLA WALLA, WASHINGTON -  NetMore America, Inc. (“NetMore”), an expanding next generation mortgage banker, announced today it has expanded its geographic footprint into the East Coast marketplace by establishing a presence in the state of Maryland.  The Company received its state of Maryland Mortgage Lender Licenses from the Office of the Commissioner of Financial Regulation and can now originate residential mortgage loans throughout Maryland.  

“NetMore is building a nationwide lending platform in a responsible and strategic manner by focusing on states with high potential for quality business.  Today we believe those markets are based on the East Coast in the Mid-Atlantic region, which includes areas such as Maryland, Virginia and Washington DC, as well as in states such as Florida, Pennsylvania and New Jersey, commented Mark Freedle, President and CEO of NetMore. “Our Company’s model is based on superior service, risk management and creating efficiency.  We will only partner with the highest quality mortgage brokers and retail branch systems in any new market we enter.”

NetMore has begun originating mortgages in Maryland through its Wholesale Lending Program that conducts extensive background checks on all mortgage brokers prior to approval and will follow by building its Professional Branch System, which is dedicated to supporting only the very best retail mortgage professionals in their respective markets.

Currently able to do business in 26 states and operating 18 professional retail branches, NetMore’s production volume recently surpassed the $1 billion milestone for its fiscal year ended September 30, 2009, a 300% increase compared to the same period in 2008.  For fiscal-year 2010, the Company is projecting production volume to increase to the $1.3 billion -$1.5 billion range.

To inquire about becoming a NetMore lending partner, please contact us at www.netmoreamerica.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements that are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including, but not limited to, the results of capital raising efforts, conditions in the residential lending market, regulatory changes pertaining to the mortgage industry, interest rates, general trends in the housing markets, the impact of competition, and other risks. NetMore undertakes no obligation and has no intention of updating forward-looking statements.

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