TMCnet News
PCMA Private Client Lending - 2019 3rd Quarter ResultsPCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announced 2019 third quarter results along with enterprise expansion and Direct Channel NQM Originations of $63,642,250.00 in Private Client (NQM) for the third quarter of 2019, an increase of 31% over the 2nd Quarter results. "We had another quarter of continued growth, profitability and increase in operational capabilities in preparation of accelerating loan volume in 2020 and beyond," said John Lynch, CEO and founder of PCMA. "PCMA delivered another strong performance in the Private Client (NQM) credit market during the quarter with nearly $65 Million of Direct to Consumer originations and 12-month origination volume of $202,955,030 accounting for a growth rate of 20% year over year." In the third quarter PCMA Private Client took continued steps to educate and expand their capital market capabilities and secondary market relationships in preparation of their continued growth. PCMA made strategic acquisitions during the previous quarter in origination management, secured a new operational center and expanded their direct and indirect marketing capabilities.
Direct Channel Originations have continued to improve quarter to quarter, with third quarter production numbers that average $852,752.23 per transaction, an average FICO score of 727 and an average LTV of 62.10%. PCMA will continue to see loan volume growth with the deployment of their proprietary Channel Partner (News - Alert) Network along with continued expansion in key geographic locations throughout California and western states with high concentration communities of high capacity consumers. "I could not be prouder of our team and their ability to execute on our vision of becoming the thought leader and innovation expert in Non-Bank Private Client Lending. I appreciate how far we have come this year, but I am over the moon to see what we will evolve to in the 4th Quarter and beyond," said Lynch. About PCMA PCMA is the leading non-bank private client lending organization serving the needs of their mass affluent and high net worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct and indirect to consumer business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange (News - Alert) County, CA. Additional information is available at www.pcma.us.com View source version on businesswire.com: https://www.businesswire.com/news/home/20191008005094/en/ |
