(Sherman Oaks, CA, March. 2, 2004) - Metrocities Mortgage, LLC., a national leader in the residential mortgage lending market, is pleased to announce the appointment of Patrick F. Stone as Vice Chairman of its Board of Directors. Stone most recently served as CEO of Fidelity National Information Solutions Inc., a majority-owned subsidiary of Fidelity National Financial, number 326 on the Fortune 500, and provider of products and outsourced services and solutions to financial institutions and the real estate industry.
"Patrick has a rich history with Metrocities, as he has served as an advisor on our Board of Directors for several years. Having Patrick join us in this new capacity is advantageous now with our recent growth and ongoing expansion," said Paul Wylie, CEO of Metrocities Mortgage. Patrick brings with him over 28 years of experience in the real estate services industry, and is a great asset to our organization."
According to Stone, "Metrocities Mortgage maintains a competitive edge through its experience in the affiliated business arrangement and joint venture arenas. I look forward to contributing to those collaborative operations, as well as developing an effective bundled services offering, with the ultimate goal of providing true one-stop shopping for clients and business partners alike."
Prior to joining Metrocities Mortgage's Board of Directors, Stone enjoyed a lengthy career with FNF, including eight years as Chief Operating Officer, during which time the company grew to be the number one title company, responsible for over 30 percent of policies underwritten nationally. In addition, while serving as CEO of FNIS, he grew the company by integrating Fidelity credit, flood, tax service, escrow service, appraisal services, real estate agent MLS, desktop tools, and numerous real estate and mortgage technologies.
Stone was recently named one of the "10 People to Watch in 2004" by Inman News. A results-oriented visionary, Stone will play a major role in improving the quality and growth of Metrocities Mortgage to realize its full potential as America's Best Relationship LenderSM.
For more information, please call 800-464-2484.
ABOUT METROCITIES MORTGAGE
Established in 1989, Metrocities Mortgage is ranked in the top 1% of residential mortgage lenders nationwide for
closed loan volume, closing over $3 billion in 2002 and over $4.5 billion in 2003. Metrocities operates as both
mortgage banker (direct lender) and mortgage broker. Headquartered in Encino, CA, Metrocities Mortgage has become a
leading nationwide lender based on unique loan programs and successful strategic alliances (affiliated business
arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders
and other affinity groups. Loan Officers have access to over 7,000 loan programs and state-of-the-art, proprietary
search engine technology enabling them to find the best loan products for their clients. As America's Best Relationship
LenderSM, Metrocities Mortgage is renowned for its in-house lending expertise and
Heroic Customer ServiceSM.