MCLEAN, Va., Aug. 23, 2022 /PRNewswire/ — Atlantic Coast Mortgage (ACM), a 24-state mortgage lender, is introducing NFTYDoor’s home equity product to its customers.
In 2021, interest rates were below 3.0%, leading to a strong buying market and a historic refinancing boom. Now, just over last year, interest rates have doubled, making cash refinances less economical for many homeowners.
“We are always on the lookout for the best products that our loan officers can share with their clients,” said Patrick Collins, ACM’s Chief Strategy Officer. “Owners need an efficient way to leverage their capital.”
The most common uses of home equity are home improvement, financing a car or school fees, and consolidating debt from consumer loans or credit cards. High APR. Understanding the net worth offerings important to homeowners is why ACM chose to integrate NFTYDoor into its evolving suite of product offerings to enable homeowners to leverage their workable capital to increase their short-term and financial goals. long-term.
“ACM is a strong brand with loyal customers, which is why our platform is a perfect fit for them,” said Mark Schacknies, CEO and co-founder of NFTYDoor. “The efficiency of our app and underwriting not only leads to a better customer experience, but also provides a timely program for our partner.”
Using NFTYDoor, homeowners can access $25,000 to $250,000 of home equity with a 25-year fixed rate term after completing a simple digital application. The underwriting, closing, financing and servicing process is completely digital.
About Atlantic Coast Mortgage
ACM, a Virginia limited liability company and licensed mortgage lender headquartered in Fairfax, Virginia, is primarily engaged in the origination of 1-4 family residential mortgages and construction loans. ACM was founded in 2011 and is led by a team of seasoned mortgage professionals, including President and CEO Timur Tunador, who is one of the founders of ACM and has nearly 30 years of mortgage experience. field of mortgages. ACM is headquartered and licensed in the Commonwealth of Virginia and is also licensed in 23 other states. Including its headquarters in Fairfax, Virginia, ACM currently has 15 branches located in Virginia, Maryland, the District of Columbia, Florida, North Carolina and South Carolina.
About NFTYDoor LLC
Virginia-based NFTYDoor LLC, a digital mortgage lender (NMLS 2324343), offers home equity loans through bank and non-bank partners. NFTYDoor is licensed in Virginia, Maryland, DC, Illinois and Florida, with plans to expand nationwide in its first year of operation.
NFTYDoor Media Contact
Mark Schacknies, CEO
View original content: https://www.prnewswire.com/news-releases/atlantic-coast-mortgage-partners-with-nftydoor-to-offer-digital-home-equity-loans-301610960.html
Copyright © 2022 PR Newswire Association LLC. All rights reserved.