EXCITING ANNOUNCEMENT!

We are using this Blog as one way to pass along some exciting news! If you haven't heard yet, Professional Mortgage Group, Inc. and Flat Branch Mortgage Inc. are joining forces! That's right, Two of Columbia's Top Mortgage Lenders are now ONE! Starting January 1st, 2009 we will be one in the same and will operate under Flat Branch Mortgage. This is a move that ownership on both sides have been discussing off and on and the time is finally right! Flat Branch has the same goals in terms of growth and market dominance that Professional Mortgage Group has. We both finally came to the conclusion that during a market like this joining forces is the best way to achieve our goals. Flat Branch has built a great foundation and has the infrastructure that will be crucial to dominate the Columbia market. The In House Underwriting operation will allow us to work hand in hand with the underwriter. Gone are the days of waiting 72+ hours for a loan commitment! This means faster and better service for our clients and our referral partners.

For those of you who enjoy and benefit from reading this blog, receive our newsletter, and utilize our website, don't worry. All of these items will stay intact. http://www.pmg-inc.net/ will soon become http://www.flatbranchmortgage.com/. We will just work to grow them and make them bigger and better. This site will continue to be a great source for mortgage and market information to all that use it! There will be a transition period for this, but we will work hard to get the final product up and running as soon as possible. In the meantime the site will still have the basics to get the job done. In addition to these items, PMG brings our reputation, experience, expertise, and a large loyal client base.

Once Spring rolls around be on the lookout for a kickoff event to celebrate this exciting time and the upcoming buying season!

It is safe to say that 2009 will be an exciting one for Flat Branch Mortgage! To be growing during the worst mortgage crisis we have ever seen is pretty amazing!

On Another Note:

MBS Price skyrocketed last night and so far today. What does this mean? This means that as long as lenders pass along these gains, we will experience history yet again. For once this will be good history. We will have the LOWEST MORTGAGE RATES OF ALL TIME! Talk about a way to kickoff 2009! I have a feeling our In House Underwriters will come in very handy since the Underwriters and Processors at all of our competitors will be experiencing unprecedented backlogs!

Happy Holidays"

Professional Mortgage Group, Inc.