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Volume 21 - Number 19

September 22, 2017

CMG Does ‘Crowd Funding’ for Downpayments

CMG Mortgage, San Ramon, CA, has launched a new service called HomeFundMe that is geared toward helping loan applicants gather up enough money for a downpayment – using the Internet, of course. There’s a catch though: applicants who use the “crowd funding” platform have to take out a mortgage with CMG, which bears the name of its founder and CEO Chris George. In a recent interview with Inside Mortgage Trends, George was reluctant to estimate how much money ...

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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