TORONTO, Sept. 25 /CNW/ - MortgageBrokers.com Holdings Inc. (OTCBB:MBKR)
through its subsidiary, Mortgagebrokers.com Inc. (the "Company"), one of North
America's fastest growing mortgage brokerage firms, continues its impressive
growth by announcing today that its National Sales Team has surpassed 300 loan
and mortgage originators across Canada. The Company expects that this number
of associates will represent a funded mortgage origination volume in the
amount of $3.5 to $4.0 billion for 2008.
Alex Haditaghi, CEO of Mortgagebrokers.com commented: "Not only is the
quantity and breadth of mortgage professionals that have joined the Company
impressive, but also the quality of mortgage business that they bring to
Mortgagebrokers.com - it is consistently among the industry's best. By design,
the MortgageBrokers.com sales force represents some of the brightest, most
experienced and reputable brokers and consultants across the country."
Haditaghi continues: "These mortgage professionals were attracted by, and
believe in, our value proposition of shared ownership and have been an
integral part of building MortgageBrokers.com."
Unlike the US mortgage market which is facing challenges on several
fronts, Mortgagebrokers.com has no exposure to the sub-prime markets as they
do not underwrite, carry or manage any type of mortgage, rather they
facilitate and coordinate residential transactions between buyers and lenders.
Haditaghi stated: "One of the more challenging items is to make it clear
to the markets that although the word mortgage is certainly prevalent in our
business, the fact remains that the sub-prime market just doesn't figure into
our build-out plans. We are very excited about the growth we have achieved
thus far in 2007, posting our sixth consecutive record quarter in June and are
setting as one of our next goals of having a team of 400 mortgage brokers by
December 31, 2007."
MortgageBrokers.com is a mortgage brand and technology firm. The Company
is dedicated to re-branding the over 40,000 small and medium mortgage broker
(SME) firms in North America while providing these entities scalability
through a centralized shared services platform. MortgageBrokers.com is
designed to facilitate continued ownership for these SME brokers while they
work under the umbrella of one globally recognized brand. The Company provides
centralized services in the areas of payroll and accounting, compliance,
marketing, technology, HR and lead generation to afford its brokers improved
access to potential customers through strategic alliances and partnerships.
MortgageBrokers.com also provides its national team the opportunity to
leverage origination with lending institutions, establish higher referral fees
from lenders, and give its team members the ability to earn ownership in a
publicly-traded entity with the goal of an eventual career exit strategy.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this press release, which are not historical in
nature, are intended to be, and are hereby identified as 'Forward-Looking
Statements' for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be
identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,'
'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects'
including without limitation, those relating to the company's future business
prospects, and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
Forward-Looking Statements. Readers are directed to the company's filings with
the U.S. Securities and Exchange Commission for additional information and a
presentation of the risks and uncertainties that may affect the company's
business and results of operations. www.sec.gov.
CONTACT: Mr. Jody Janson, Ph: (585) 232-5440
For further information:
For further information: Mr. Jody Janson, Ph: (585) 232-5440