Complete Financial Solutions (CFSU)

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Acceptance Capital Secures New Lender/Investor Relationship
GLOBENEWSWIRE - 11:08 AM ET
SPOKANE, Wash., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Complete Financial Solutions Inc. (CFSU) (“CFSI”) (OTC:CFSU) announced that its subsidiary, Acceptance Capital Mortgage Corporation (“ACMC”), has reached an agreement with Wells Fargo Bank on a correspondent lender/investor relationship.

“Wells Fargo offers ACMC a new partner that we can use to originate and sell our loans,” noted Allen Ringer, CEO of CFSI. “The Wells solution, their proven business model, and capacity to serve our customers gives our loan originators a great new tool to serve our customers.”

Jim Laymac, ACMC Director of Marketing, also commented, “This deal allows us to sell directly to Wells Fargo and capture better pricing and margins ? and gets the ball rolling for secondary marketing. We are able to eliminate the middle man in the selling process while adding more mortgage products. It also positions us to become more profitable in 2018 from the margins gained on our retail sales and delegated underwriting rollout