Jet Direct Funding has launched a wholesale lending channel following a pilot testing period, the company announced.
The company said its wholesale program will offer a wide range of loan products at competitive rates and with no lender fees. Jet Direct is now accepting broker applications.
"Launching a wholesale channel is a natural progression for us, and really plays to our strengths," said Peter Pescatore, COO of Jet Direct. "Our solid backend, efficient and disciplined operations team, and seasoned account executives are certain to make an impact with mortgage brokers looking for a more service oriented approach from their wholesale lender
. Combined with our competitive pricing and unmatched client service, we expect that Jet Direct will be a powerful option for brokers in need of exceptional speed and service."
"Launching a wholesale channel is an important milestone for us," said Michael Spano, president and CEO of Jet Direct Mortgage. "We're looking forward to providing impeccable service to the mortgage broker community and forging many strong relationships."
The company appointed Joseph Boiano, a wholesale lending veteran, to oversee the channel. Boiano will be responsible for ensuring that the division will consistently meet quality and service benchmarks on both the sales and operations fronts.
"It's an exciting time to be joining the Jet Direct team, and launching their wholesale division with a solid infrastructure already in place is a surefire recipe for success,” said Boiano.
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