Acquired a mortgage company

Acquired a mortgage company

Philadelphia, PA February 10, 2014

1st National City Mortgage LLC, a mortgage company licensed in 11 states has announced the sale of the company and a full rebranding campaign is now on its way. The Company has been acquired by ESS Solutions LLC, a mortgage technology firm located in Baltimore, MD. The two companies will work together to build new technologies that will generate additional online mortgage leads and move them through production and on to closing much faster than before.

The new company name is "i3 Lending" and is reflective of the whimsical nature of the company and entrepreneurial the spirit of its management team. "We're building a fun place to work, one that encourages self-expression and cultivates innovative ideas", says Mark Wilson, Executive Vice President of i3 Lending. The Company says that its technology background will be a driving force that sets them apart from other companies. "For the past 10 years, ESS has developed custom software packages for financial service firms and this addition will make it so that we'll get to see our software put to use within our own production environment", says Sujay Kanth, CEO of ESS Solutions LLC.

In the coming weeks its new website and collateral materials will be finalized. Until then, its focus is on obtaining additional warehouse lines, gaining additional licenses, applying for a federal charter, hiring new employees and of course, building a new system to accommodate all of the new changes and introduce more automation into the production process.

About i3 Lending:

i3 Lending is a multi-state mortgage provide with sales and operations in seven states. It provides a variety of loan options including but not limited to conventional, FHA, VA, reverse mortgage and jumbo loan products. It's focused on hiring the best people and utilizing the best technology to generate profits and maintain a very high level of customer service. For additional information please visit their website.