ALISO VIEJO, Calif.–(BUSINESS WIRE)–#mortgage–PCMA, the pioneer and leading voice in Non-Bank Private Client Lending,
announced 2019 first quarter results including new hires, the launch of
LendingIQ and Direct Channel Originations of $44,165,492.00 for the
first quarter of 2019.
“We had a great quarter and continue to build our operational
capabilities to accelerate origination volume in the coming quarters,”
said John Lynch, CEO and founder of PCMA. “PCMA delivered strong
performance in the non-QM space during the quarter with nearly $45
Million of Direct to Consumer originations in what is seasonally a very
slow quarter and we made significant strides in preparation of expanding
our origination capabilities with the development of our Channel Partner
Network calendared for beta launch in the 2nd Quarter.”
In the first quarter PCMA also made significant moves in technology;
launching LendingIQ; as well as bringing on top tier C-suite talent with
the additions of industry veteran Irma Smith as VP of Channel
Operations, Jason Jepson as VP of Communications and Jimmy Yeom as
Enterprise Brand Manager.
“PCMA Private Client Lending performance in the first quarter
demonstrates the business opportunity in the Non-Bank Private Client
Lending category that we uncovered in the non-QM space,” said John
Lynch, CEO and founder of PCMA.
In the first quarter, PCMA launched LendingIQ, a new technology platform
to further expand their origination capacity. LendingIQ is a PAAS
(platform as a service) that helps automate service delivery from
end-to-end in minutes driving powerful business outcomes by automating
interfaces across the private client ecosystem.
Direct Channel Originations have continued to improve quarter to
quarter, with an average loan amount per transaction of $817,796.29, an
average FICO score of 728 and an average LTV of 62.48%. PCMA will
continue to see loan volume growth with the launch of their proprietary
Channel Partner Network along with continued expansion in key geographic
locations throughout California and western states with high
concentrations of high capacity consumers.
“Our commitment to building a top tier organization requires that we
build a best of breed management team,” said Lynch. “Each quarter we
will continue to build out new services, credit enhancements and recruit
the brightest executives to join our amazing team.”
About PCMA
PCMA is the leading non-bank private client lending organization serving
the needs of their mass affluent and high net worth clientele. PCMA
offers qualified individuals and institutions bespoke lending solutions
across all major residential asset classes. PCMA is a diversified
financial enterprise offering private client solutions through a direct
to consumer and distributed retail business model. PCMA strives to build
trusting and enduring relationships by putting clients and professional
partners at the center of all they do. PCMA is headquartered in Orange
County, CA. Additional information is available at www.pcma.us.com.
Contacts
Jason Jepson
Email: [email protected]
Phone:
949.394.7033
Corporate Offices:
65 Enterprise, Aliso Viejo CA 92656
Direct
Line: 949.394.7033
