Expert Group, Inc. Opens September With Over $8 Million in Loan Originations
Thursday September 4, 8:30 am ET
MIAMI, FL--(MARKET WIRE)--Sep 4, 2008 -- Expert Group, Inc. (Other OTC:EXPT.PK - News) is pleased to announce that the Company opens September with over $8 million in loan originations. Expert Group has been experiencing a growth in mortgage applications mainly with FHA and Commercial loans. Loan Originations have increased mainly for commercial property loans, which so far represent $4.3 million or 53% of the total loan originations for the month of September.
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Expert Group, Inc. has also experienced an increasing trend in loan originations for purchases of new homes, which represents about 30% of the total loan originations. The Company is gaining a lot of interest from clients who are looking to refinance where they can take advantage of better rates for their existing loans and consolidate first and second loans.
"By starting September with over $8 Million in loan originations, Expert Group is poised for growth through the rest of the year. The increase in potential revenues for the rest of the year is due to the fact that we have strengthened our staff by the hiring of industry experts, who have produced more than $18 Million combined in loans," stated Robert Rico, CEO of Expert Group, Inc.
About Expert Group, Inc.
Expert Group, Inc. is a diversified financial service company, which markets a variety of financial products and services through Expert Financing & Investments, Expert Group Title Services and Expert Credit Fix U.S.A. Expert is licensed by the Department of Financial Regulations and a member of FAMB, and since inception, has originated over 100 million in real estate loans.
About Expert Financing:
Expert financing offers up-to-date loan programs tailored to all borrowers' needs. It specializes in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans of all sizes, including commercial, foreign national and construction loans. The company also offers loans for purchases, refinances and line of credit for home equity and commercial property. Expert Loan Officers find the best loan for customers' needs, and includes professional loan experts that speak Spanish, Russian, Portuguese, French, Italian, Hebrew and Creole.
About Expert Credit Fix U.S.A.:
Expert Credit Fix U.S.A is ahead of the game, assisting borrowers with less than perfect credit to fulfill their dream of home ownership. The company offers different levels of credit restoration tailored to service borrowers with minor credit issues like excess inquiries to more challenging credit issues such as bankruptcies or even foreclosures. Expert Credit Fix U.S.A. will help borrowers restore their credit to a level where lenders will grant them credit and at a low interest rate.
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
Contact:
Contact:
Expert Group, Inc.
http://www.ExpertFinancing.net
http://www.ExpertCreditFixUsa.com
Or call:
Investor Relations
1-866-THE-APPL(E)
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