Alain Pinel Realtors, California’s largest privately-owned residential real estate company and the 5th largest real estate firm in the nation*, has sold a 50% interest in its mortgage affiliate, Private Mortgage Advisors, LLC, to Stearns Ventures, LLC, a subsidiary of Stearns Lending, Inc., one of the nation’s largest privately held mortgage lenders**.
For the past decade, Private Mortgage Advisors has offered a competitive set of mortgage loan options and outstanding service to Bay Area clients. With Stearns Ventures’ ownership, Private Mortgage Advisors will have access to offer an even wider array of products and benefits including:
• Both fixed- and adjustable-rate jumbo*** loans up to $3 million.
• Loan pre-approvals subject only to limited conditions.
• New construction loans with flexible rate locks.
“A strong mortgage company is a key component of today’s successful real estate company,” said Paul Hulme, CEO and President of Alain Pinel Realtors. “Whether purchasing or refinancing, Private Mortgage Advisors represents a solid, secure mortgage lender.”
Private Mortgage Advisors’ mortgage loan officers are conveniently located throughout the Bay Area, offering competitive pricing and a wide range of loan products. To learn more about Private Mortgage Advisors, and the power behind them, please visit www.pmahomeloans.com and www.stearns.com.
*2013 Real Trends, based on volume. ** Reported in 2013 Mortgage Executives Magazine ***Limited to certain jumbo programs. Private Mortgage Advisors, LLC is a California limited liability company headquartered at 601 Sycamore Valley Rd. W, Floor 1, Danville, California 94526. Company NMLS# 460151. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act (RMLA# 4150080). We offer many loan products, contact a representative to learn more. This is not a commitment to lend. Stearns Lending, Inc. is regulated by the California Division of Real Estate. NMLS# 1854.
Announcements• Industry Insights