StartBank Announces the Acquisition of $1 Billion Triton Funding Group
New York, NY (ContentDesk) August 8, 2005 -- StartBank announces the acquisition of Triton Funding Group by WJ Bradley Merchant Partners. StartBank negotiated, structured and delivered the all-cash transaction within 60 days while serving as the exclusive financial advisor on behalf of Triton Funding Group.Headquartered in San Francisco, Triton Funding Group is an innovative leader in the California mortgage industry. George Rosenfield and Dorian Sarris co-founded the $1 billion loan volume producing mortgage brokerage in 1998. The two business partners will remain with Triton under a lucrative compensation package."The sale of Triton to Bradley was ideal for many reasons," said Richard Feldman, chief operating officer at StartBank. "The sale allows our clients to receive top value in an all-cash transaction, remain in their senior management positions, and grow the company while Bradley provides additional capital to expand production, open additional offices, and price more aggressively in an increasingly competitive California market.
This transaction also provides our clients significant bonus-equity upside through a generous compensation package and presents all of the employees with numerous growth opportunities as Triton converts from a mortgage broker to a mortgage banker through integration with Bradley's growing mortgage conglomerate." "Consolidation in the mortgage industry continues to reach greater heights as privately held, mid-sized mortgage companies combine forces to remain competitive with the nation's largest publicly traded mortgage bankers," said StartBank's chairman and chief executive Richard Easton. "StartBank will orchestrate the mergers and acquisitions of more mortgage companies this year than in any prior year." StartBank is the leading advisory firm specializing in the mergers and acquisitions of middle-market companies.
StartBank excels at bringing the finest businesses to the market, creating maximum reward for shareholders, and delivering strategic value to investors.
As the Dow Jones Newswires said, "Look no further than StartBank!"
Website: www.startbank.com or Telephone: 1.888.909.BANK..
Non Exclusive Mortgage Leads
When borrowers supply their forms of request for a mortgage loan, lead providers generate leads from the data supplied by borrowers and mail them to several brokers or lenders.
Very often these leads get recycled, as they move from one broker or loan officer to the other. Such leads are known as Non Exclusive Mortgage Leads.
Though Non Exclusive Mortgage Leads have a downside related to confidentiality and speed of transfer, they are less expensive than Exclusive Mortgage Leads.
More importantly, they can offer the best deal to the borrower.
Let's take an example.
Maggie applies for a Non-Exclusive Mortgage Loan at a mortgage lead providing company.
As hers is a Non Exclusive Mortgage Lead, the lead provider sends her lead to several loan officers and these people get in touch with her. As the loan officers increase, competition becomes stiffer.
It is much like the difference between one person spending ...
Mortgage calculator > Non Exclusive Mortgage Leads
Las Vegas Home Appraisal Firm Captures Number One Ranking for Third Year
Appraisers of Las Vegas.com was ranked the number one Las Vegas home appraisal company in the latest real estate appraisal issue of ?In Business Las Vegas'.
The title, earned by the company for three years in a row, reflects its rapid growth, fast turnaround times, and the hot Vegas real estate market."Our Las Vegas, Nevada real estate appraisal business has increased about 50 percent in each of the past three years. We've increased the number of real estate appraisers in our office by about 50 percent each year and the number of employees by 150 percent last year," said Don Foster Scoggins, president of Appraisal of Las Vegas.com.
"It's clearly booming here but it's the quality and speed of our Las Vegas home appraisal work, as well as the over-the-top customer service,...
Mortgage calculator > Las Vegas Home Appraisal Firm Captures Number One Ranking for Third Year