Magazine article Mortgage Banking

Argent Expands into Alt-A Loan Market

Magazine article Mortgage Banking

Argent Expands into Alt-A Loan Market

Article excerpt

Argent Mortgage Co., Irvine, California, announced it is expanding its reach in the mortgage industry by introducing a new line of alternative-A products, while it has tapped a professional racecar driver to drive home the company's marketing message to consumers.

Argent's Alt-A Advantage and Alt-A 80/20 Advantage programs became available to Argent-approved brokers in July. The addition of this new product line will increase the already wide range of mortgage products offered by Argent while broadening the company's customer base, explained Sam Marzouk, president of Argent Mortgage.

Although Argent is not the only non-prime lender that has moved into the alt-A market in recent years, Marzouk noted that what distinguishes this product line from the competition is the level of support and speed of service that Argent can deliver.

"Our alt-A products will be serviced by the same responsive Argent team our brokers have come to know and appreciate," said Marzouk. "Argent will not miss a beat, whether it is funding the new alt-A product, a nonprime loan or both. Under our long-standing Argent Service Guarantee, brokers receive an answer on their loan requests in 24 hours or our fee is cut in half. …

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