Industry News

Countrywide partners with securities brokerage

Agreement provides home finance info to securities clients

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Countrywide Home Loans announced today a marketing relationship with securities broker-dealer, Janney Montgomery Scott LLC. The relationship is intended to allow Janney Montgomery Scott to better provide its clients with access to an array of home-financing options. Qualified customers seeking to purchase, refinance or obtain a home-equity line of credit could be offered Countrywide's pre-qualification and/or a free up-front approval. Through the relationship, Janney Montgomery Scott will provide initial information to its customers regarding Countrywide's offerings and will supply them with access to one of Countrywide's origination and processing centers. For qualified customers who apply, Countrywide will then provide all the tasks necessary to evaluate and close the loan, including consulting potential buyers on the product that may best fit their needs, taking and processing applications, underwriting, closing and funding the loan. Countrywide Home Loans is the largest subsid...