SHERMAN OAKS, Calif., Feb. 19, 2013 /PRNewswire/ -- Prospect Mortgage, LLC ("Prospect" or the "Company") is launching a national television campaign to create awareness for the company's renovation home loan program and to build its national brand presence.
The campaign will feature Prospect's renovation home loan product, the "Prospect Dream Remodel Loan." The commercials will begin airing in February, concentrating on national cable networks. The four-week campaign will reach more than 12 million unique viewers, focusing on home-centric programming on networks such as HGTV, TLC and DIY.
"A renovation home loan opens a whole new segment of the existing home market for homebuyers who want to purchase a property that needs work, and it also allows current homeowners to make home improvements through a refinance," said Prospect's Chief Marketing Officer Kevin Morefield. "Our objective is to create awareness for Prospect and this unique home loan product."
The commercials follow Prospect renovation loan customers through their project by showing before/after images and video of the home. The homeowners are featured on camera talking about their experience and highlighting the benefits of an FHA 203(k) renovation loan. Prospect is the nation's second-largest FHA 203(k) renovation lender and leading source of renovation mortgage loan products.
"The campaign promotes our leadership in renovation lending and provides national exposure for our renovation loan products," said Morefield. "By highlighting this innovative product offering, we see a tremendous opportunity to grow this segment of our business as well as an opportunity to differentiate Prospect from other mortgage companies that are focused solely on rate/term refinances."
Consumers interested in learning more about Prospect's renovation loan programs can call 1-888-434-7730 or visit www.ProspectMortgage.com.
Prospect Mortgage is a top-10 national home purchase lender offering a full range of quality home loans, including FHA and VA, conventional, jumbo and super jumbo, renovation, and more. It is backed by Sterling Partners, a private equity firm with approximately $5 billion of assets under management and offices in Chicago, Baltimore, and Miami. For more information about Prospect Mortgage, visit www.MyProspectMortgage.com. Visit Prospect on Twitter at www.twitter.com/myprospectmtg and follow the company on Facebook at www.facebook.com/prospectmtg.
Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender/Broker License #AK3296; AZ Mortgage Banker License #BK0903027; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC3296; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932414; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker - New York State Department of Banking); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #22122; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195. This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.
SOURCE Prospect Mortgage, LLC