TORONTO, Oct. 11 /CNW/ - MortgageBrokers.com Financial Group of Companies
Inc., a subsidiary of MortgageBrokers.com Holdings Inc. (OTC BB: MBKR - News),
announced that it has signed agreements with an additional 24 mortgage and
loan professionals, representing the potential of over $550 million in
supplemental mortgage originations. The Company now has additional or new
representation in Province of Alberta, Ontario, Atlantic Canada and in cities
such as Toronto, Calgary, Mississauga, Ottawa, Windsor, Kitchener, London
Stanley, Kettleby and Seaforth.
Annette Hutcheon, Sandy Doherty, Jean Mann, Steve Semenov, Nikola
Janketic, Janos Gregus, David Booth, Michael Foster, Don Orsini, Jason
Rolston, Michael Travale, Steven Carriere, Rick Debattista, Madge Wright,
Sandeep Dhaliwal, Robert Fleming, Bianca Smith, Jules Sim, Brendan Duddy,
Christopher Higashi , Nancy Delos Santos, Justyna Nawrot,, William Strong and
Usman Farooq are the newest brokers that have joined the ever expanding
Mortgagebrokers.com national sales team.
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." Haditaghi
states: "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." Mr. Haditaghi continued by saying, "Our
objective is to have a minimum of 400 mortgage brokers representing the
Mortgagebrokers.com flagship by year end 2007. With the addition of these
professionals, we clearly are well on our way to achieving that goal. 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.
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.
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, service or fund any type of mortgage, rather they
facilitate and coordinate residential transactions between buyers and lenders.
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