A Joint Venture (JV) with Metrocities Mortgage is a strategic alliance formed between Metrocities Mortgage and partnering Members such as real estate companies, builders/developers, credit unions, financial companies and other affinity groups.

The Metrocities JV model is designed to provide multiple benefits to you and your clients.

When you form a JV, your suite of product offerings expands, giving your clients the convenience of one-stop-shopping. This enables you to retain and attract more business, while sharing in the profits generated by your new complementary services.

In conjunction with the partnering member, we create an operating division of Metrocities Mortgage, LLC, a Delaware limited liability company. In essence, a new mortgage entity is created.

The partnering member and Metrocities Mortgage capitalize this new entity, and the profits are split. Only a modest investment is required from the members.

A Metrocities Mortgage subsidiary acts as the managing partner, taking responsibility for all day-to-day operations of the new entity, giving it mortgage banking status that allows it to underwrite, process, fund, and close loans. In addition, it can act as a mortgage broker when necessary.