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NEW YORK, NY / ACCESSWIRE / August 8, 2022 / Focus Monetary Companions Inc. (NASDAQ:FOCS) (“Focus”), a number one partnership of unbiased, fiduciary wealth administration corporations, introduced immediately that its subsidiary, Focus Treasury and Credit score Options, LLC (“FTCS”), has partnered with Neighborhood Capital Expertise Inc. (“Neighborhood Capital”) to supply the FTCS Mortgage Market (the “Market”) solely to Focus associate corporations and their advisors. The Market will present an environment friendly approach for advisors to attach their purchasers with a spread of banks and different lenders to supply credit score options. The Market can be out there by FTCS’ credit score portal and can present entry to Neighborhood Capital’s proprietary on-line mortgage market through its digital platform.
FTCS facilitates entry to money administration and lending options for private, business and nonprofit wants, equipping the advisors of Focus associate corporations with personal banking credit score instruments. Neighborhood Capital presents a nationwide community of greater than 1,200 banks, credit score unions, insurance coverage corporations, credit score funds and different monetary establishments, which is able to considerably broaden FTCS’ entry to credit score suppliers. The Market will improve advisors’ capacity to assist their excessive and ultra-high web price purchasers meet their bespoke credit score wants. It is going to additionally promote aggressive pricing and phrases for his or her purchasers’ common borrowing wants.
“We’re excited that FTCS can be partnering with a fintech firm that understands the distinctive wants of our associate corporations’ purchasers and shares our imaginative and prescient for facilitating purchasers’ environment friendly entry to credit score,” stated Rudy Adolf, Founder, CEO and Chairman of Focus. “Neighborhood Capital’s massive and various community of economic establishments will allow FCTS to considerably improve its mortgage sourcing capabilities, offering enhanced entry, scale benefits and pricing energy to fulfill a variety of consumer credit score wants throughout our partnership. This new relationship is one other demonstration of how we’re increasing the value-added companies we offer to our companions, enabling them to boost the worth they will ship to their purchasers.”
CEO and Founding father of Neighborhood Capital, Garrett Smith, added, “We’re extremely energized by the chance to work with the progressive, forward-thinking staff at FTCS in delivering what we imagine is a market-defining know-how and repair answer. The Market amplifies our firm’s mission to drive larger effectivity, liquidity and entry throughout the mortgage markets. Our partnership with FTCS not solely supplies a differentiating service providing for Focus associate corporations, but in addition presents our present community of economic establishments and originators frontline entry to a strong new progress engine.”
About Focus Monetary Companions Inc.
Focus Monetary Companions Inc. is a number one partnership of unbiased, fiduciary wealth administration corporations. Focus supplies entry to greatest practices, sources and continuity planning for its associate corporations who serve people, households, employers and establishments with complete wealth administration companies. Focus associate corporations keep their operational independence, whereas they profit from the synergies, scale, economics and greatest practices provided by Focus to realize their enterprise goals. For extra details about Focus, please go to focusfinancialpartners.com.
About Neighborhood Capital Expertise Inc.
Neighborhood Capital is a digital platform for optimizing the administration of mortgage portfolios. Neighborhood Capital’s mortgage transaction market supplies regional banks, neighborhood banks, CUSOs, credit score unions and different non-bank originators or credit score traders with an easier, less expensive and clear approach to purchase, promote, supply and/or take part out loans. Member corporations are in a position to effectively discover related alternatives or companions, actively handle steadiness sheet danger, and drive returns, leading to higher entry to capital for his or her purchasers and communities. For additional data, please go to communityct.com.
Cautionary Notice Regarding Ahead-Wanting Statements
This launch accommodates sure forward-looking statements that replicate Focus’ present views with respect to sure present and future occasions. These forward-looking statements are and can be topic to many dangers, uncertainties and components referring to Focus’ operations and enterprise atmosphere, together with the influence of the battle in Ukraine, which can trigger future occasions to be materially totally different from these forward-looking statements or something implied therein. Any forward-looking statements on this launch are primarily based upon data out there to Concentrate on the date of this launch. Focus doesn’t undertake to publicly replace or revise its forward-looking statements even when expertise or future adjustments make it clear that any statements expressed or implied therein is not going to be realized. Extra data on danger components that might have an effect on Focus could also be present in Focus’ filings with the Securities and Change Fee.
Investor and Media Contacts
FOCUS FINANCIAL PARTNERS
Tina Madon
Senior Vice President
Head of Investor Relations & Company Communications
Focus Monetary Companions
P: +1-646-813-2909
tmadon@focuspartners.com
Charlie Arestia
Vice President
Investor Relations & Company Communications
Focus Monetary Companions
P: +1-646-560-3999
carestia@focuspartners.com
COMMUNITY CAPITAL TECHNOLOGY
Rulonna Neilson
Tel: +1 (646) 306-9744
Electronic mail: rulonna@communityct.com
SOURCE: Focus Monetary Companions Inc.
View supply model on accesswire.com:
https://www.accesswire.com/711161/Focus-Treasury-and-Credit score-Options-Companions-with-Neighborhood-Capital-Expertise-to-Provide-On-line-Mortgage-Market-By means of-an-Progressive-Digital-Platform
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