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 subsidiary of Countrywide Financial Corp., based in Calabasas, Calif.
Janney Montgomery Scott is one of the largest regional full-service brokerage firms in the country. It is a subsidiary of The Penn Mutual Life Insurance Co., one of the 15 largest mutual insurance companies in the nation.
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