Schmidt Mortgage Expands Mortgage Lending Capabilities with the Addition of Alabama, Georgia, and Connecticut

ADDISON, Texas, June 10, 2011 /PRNewswire/ -- Texas-based mortgage lender offering retail and wholesale lending products and services, Schmidt Mortgage is pleased to announce they are now approved to lend in Alabama, Georgia, and Connecticut.

A trusted resource in mortgage lending since 1940, Schmidt Mortgage is a privately held mortgage company that focuses on residential and commercial real estate lending as well as property appraisal and loan servicing. In 1971, they became one of the first 100 Lenders in the country to become approved as a seller servicer of the Federal National Mortgage Association, now known as Fannie Mae. They are currently approved to lend in the following 29 states: AK, OR, CA, AZ, WY, CO, NM, TX, OK, KS, ND, IA, IL, MI, MN, IN, AR, LA, TN, KY, OH, PA, MD, NC, SC, FL, and now GA, AL, and CT. They are pending approval in 10 additional states.

Schmidt Mortgage utilizes a simple process to approve and close loans using the latest technology available to provide better service. Their online platform allows their retail and wholesale clients to submit loans electronically, lock rates, view approvals, submit conditions, and request closing documents fast and easily. Offering competitive products, pricing and service, Schmidt Mortgage represents a group of seasoned professionals that are available to assist clients every step of the way and to deliver whatever is needed to close more loans quickly with less work.

Jeff Bode, CEO of Schmidt Mortgage Company, was excited to announce the addition of 3 states to their growing list of states they are approved to lend in, stating, "We are proud to have added Georgia, Alabama and Connecticut to the list of states we are approved to lend in. We hope to soon be approved to lend in all 50 states."

About Schmidt Mortgage

Schmidt Mortgage is a national Mortgage company established in 1940 as originally established in 1940 in Cleveland, Ohio. Schmidt Mortgage provides a wide array of products to meet the needs of borrowers. Offering Wholesale and Retail Lending Services across the country, Schmidt Mortgage Company holds the following licenses and approval levels: FHA Direct Endorsement, Ginnie Mae Issuer, VA Automatic Approval, USDA Rural Development National Lender, Fannie Mae Seller/Servicer, and Multi State lending license. A fundamental belief in hard work, high ethical standards, and the use of advanced technology are the foundation on which Schmidt Mortgage Company is based and will continue to grow upon.

SOURCE Schmidt Mortgage