PCMA PRIVATE CLIENT LENDING – 2019 2nd QUARTER RESULTS
jason jepson - July 8, 2019
Aliso Viejo, CA – June 9th, 2019 — PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announced 2019 second quarter results along with enterprise expansion and Direct Channel NQM Originations of $48,660,910.00 in NQM for the second quarter of 2019.
“We had a great quarter and continue to build our operational capabilities to accelerate origination volume in the coming quarters,” said John Lynch, CEO and founder of PCMA. “PCMA delivered strong performance in the non-QM space during the quarter with nearly $50 Million of Direct to Consumer originations and 12-month origination volume of $169,063,680 accounting for a growth rate of 25% year over year.”
In the second quarter PCMA made significant strides in expanding capital market capabilities and secondary relationships, the soft launch of their proprietary channel partner network and the opening of new operational office space to accommodate the anticipated growth in the second half of 2019.
“PCMA Private Client Lending performance in the second quarter further demonstrates the business opportunity in the Non-Bank Private Client Lending category that we uncovered in the non-QM space,” said Lynch.
In the second quarter, PCMA soft launched a future focused wholesale platform operating on platform principals of Indirect Channel business models invented by big tech global sales channels using corporate IP and operation scale to help independent mortgage professionals grow market share in the private client lending communities they serve.
Direct Channel Originations have continued to improve quarter to quarter, with second quarter production numbers that average $838,981.21 per transaction, an average FICO score of 726 and an average LTV of 61.60%. PCMA will continue to see loan volume growth with the launch of their proprietary Channel Partner Network along with continued expansion in key geographic locations throughout California and western states with high concentrations of high capacity consumers.
“Our obsession to bring a new approach to everything we do is what will continue to drive us in the 3rd quarter and continue to promote the market opportunity of Non-Bank Private Client Lending”, said Lynch.
PCMA is the leading non-bank private client lending organization serving the needs of their mass affluent and high net worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct to consumer and distributed retail business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.us.com