MIAMI, Jan. 30, 2017 /PRNewswire/ -- Today, BurkeyLoan Inc. announced the BurkeyLoan Affiliate Partner Program. The program will develop a network of high caliber mortgage brokerage professionals offering BurkeyLoan mortgage products.
BurkeyLoan Inc. is a portfolio mortgage lender that will issue, hold and service BurkeyLoan mortgages. The Affiliate Partner Program is the company's wholesale broker agreement. Affiliate Partners are independent, third-party mortgage brokers authorized to offer and originate BurkeyLoan mortgage products.
The BurkeyLoan mortgage application process is automated and offers a transparent disintermediation approach to mortgage and lifecycle lending. The Company Chairman and CEO, John Burkey, says, "integrating the Affiliate Partner Program into the digital process creates a more intimate relationship with customers. Combined with the unique BurkeyLoan features, the Company will set the standard for customer experience."
BurkeyLoan features include:
- Mortgages that pay off student loan debt
- Fixed Rate Mortgages up to 120% LTV – (restrictions apply)
- Life Refresh Benefit-deferred payments when life events happen
- Equity Withdrawal – equity access tools for borrowers
- Loan Portability - a mobile generation needs mobility features
- Deposit & Investment Products - meeting needs without the hassle of cross selling
The nationwide Affiliate Partner Program is arranged by metropolitan statistical areas (MSA) and the number of affiliates in each area is based on the respective MSA populations. Individual and entire MSA affiliate partner agreements are available. Affiliates are required to meet certain experience, performance, credit, financial and other criteria. Affiliate fees vary by market.
The affiliate fee is refundable and guaranteed by the Company through the issuance of the Company's cumulative convertible preferred stock. Through conversion rights, Affiliate Partners would have an ownership interest in the company.
About BurkeyLoan Inc.
BurkeyLoan Inc., a Burkey Capital LLC sponsored company, is a financial service company that is committed to transforming the residential mortgage market and building a new housing finance system. The Company will originate loans directly through affiliate partners and hold the resulting whole loans in its investment funds. The Company makes available a spectrum of investment profiles and encourages institutions, investment managers and professional advisors to explore the opportunities.
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SOURCE BurkeyLoan Inc.