Info

HMIC is a wholly owned subsidiary of Harbourton Capital Group (HCG), headquartered in McLean, Virginia, whose primary business lines are mortgage banking, through HMIC, and investment in residential building and development, through Harbourton Financial Corporation (HFC). HMIC funded nearly $1 billion in 2005 and is active nationwide (with the exception of a very few states). HMIC,s primary distribution channel is Wholesale lending which is developed through strategic relationships with mortgage brokers that originate loans directly from consumers. Historically, brokers originated over 60% of all ,Non-Agency,, Subprime and Hard Money loans in the United States. This platform continues to be the focus of HMIC,s current growth plan. HMIC maintains ongoing involvement in industry memberships including the MBA, NAMB and other regional lender affiliations to insure it remains current and connected in this dynamic industry. Currently, HMIC is in development on its proprietary Automated Underwriting System (AUS) and new customized Loan Origination System (LOS). Harbourton,s Electronic Loan Processing Solution (HELPS) will deliver speed and widespread efficiencies to mortgage brokers for uniform and faster processing of transactions. The LOS provides a critical process management tool, guiding the loan through the system, offering integrated data exchange platforms. The entire HELPS system is designed to improve the broker experience with better communication and expeditious processing. Additionally, HMIC expects these efficiencies to improve service levels while the savings will allow HMIC to remain most competitive in the marketplace.