Home Mortgage Alliance Corporation (HMAC) was founded, with one primary goal in mind: to become the largest direct lender in the country!
First, HMAC must have unlimited growth potential. In order to achieve this, there should be a dedication to ensuring that there is large capital infusion which can help promote warehouse line capacity, start-up capital, and reserves that are required by the state and agencies guidelines (100mm of warehouse capacity was established with the ability to triple with a simple signature).
The final step is to expand our 44 state approval nationwide. By developing multiple state approvals this will enable HMAC to compete in all of the high profiting states.
What next after achieving all of the above? Will HMAC become like the rest?
• Will we compete directly with CashCall, LoanDepot, Green Light Mortgage, Quicken Loan, and other mortgage lenders, by advertising nationwide and hiring hundreds of Loan Originators (LO)? NO! Although we have the capital, we may not have the expertise to compete with such lenders on their level.
• Will we become like the hundreds of branch operation lenders that want to spread their name by hiring everyone that can originate a loan per quarter and calling each a branch while having them all compete against one another? NO! That type of business model hinders success by having partners compete with the low achievers within their own company.
The HMAC Solution
When the phrase “PARTNERSHIP” was brought up in a brainstorming session, a moment of inspiration emerged within the leadership team. Who could help educate and advise on mortgage loans better than an existing originator? If HMAC expanded its business network and gave a team of originators access to their resources, they discovered that the sky would be the limit for their business growth. In order to achieve success, a true partnership has to be established and that is the objective at HMAC.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154