- REZYFi, a Miami-based mortgage lender, servicing traditional and non-traditional loans, is expanding its operations as part of a strategy to weather recent interest rate-affected market challenges
- REZYFI’s two wholly owned subsidiaries, REZYFi Lending and ResMac Inc., work through a network of independent brokers and proprietary technology to service home owners as well as corporate clients
- REZYFi expects to grow from more than 30 states where it is licensed to holding a licensing in every state
- The company is also preparing to launch a high-margin cannabis commercial real estate lending division later this year
Emerging mortgage lender company REZYFi (stylized as “RZFI”) is building toward a planned launch for its product, which targets hard-to-finance lending markets in addition to traditional real estate consumers and includes a developing proprietary technology that will underscore its economy in turnaround time and staffing.
Housing prices rose at a record 43 percent appreciation during the height of the pandemic as the U.S. workforce reconsidered career priorities and quality of life issues, often seeking greener pastures with the hope of greater remote work opportunities (https://ibn.fm/LPcDB). But in recent weeks, the market has entered the beginnings of a correction — spurred largely by ongoing inflationary concerns and the Fed Reserve’s efforts to curb it by raising interest rates (https://ibn.fm/5j57s).
As a result of the economic pressures, a number of mortgage lenders have gone bankrupt, particularly among non-qualified (non-QM or NQM) lenders that cater to businesses and consumers that struggle to get a qualified mortgage loan (https://ibn.fm/HJFN0).
REZYFi’s 100 percent-owned subsidiaries — REZYFi Lending and ResMac Inc. — have felt the pressure as well, but are emerging as models of how companies can survive and emerge stronger.
“We’re not the most expensive, and we’re not the least expensive lender. We really pride ourselves on delivering execution and service, really not getting into the price battle, because we’re not a large company with a large balance sheet that can buy down prices and compete on price,” ResMac’s Chief People Officer Evan Tullos told HW Media this month (https://ibn.fm/FYaCw).
Tullos noted the company’s efforts to manage efficient staffing levels and expand its products and services into more commercial markets as part of its growth strategy. A significant segment of the commercial market is state-licensed operators in the cannabis industry, which have long struggled to obtain traditional loans and other banking services despite the boom they’ve enjoyed in recent years as state-by-state legalization efforts have advanced (https://ibn.fm/HNib7).
RZFI plans to launch a high-margin cannabis division later this year, during its Q4 reporting period, further signs of its expectations for its growth strategy. The company is licensed in more than 30 U.S. states and expects to expand to all remaining states.
The company has invested heavily in designing, building and implementing proprietary automated/machine learning technology to increase efficiencies and improve its outcomes, making it possible to operate its legacy business at staffing levels “meaningfully below those of its competitors,” according to the company.
For more information, visit the company’s website at www.REZYFi.com.
NOTE TO INVESTORS: The latest news and updates relating to REZYFi are available in the company’s newsroom at https://ibn.fm/REZY
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment