12 Sep MBO Holdings (BEMG) Expanding With the Federal Savings Bank, One of the Largest Veteran Owned Banks in the Country
SUNRISE, Fla., Sept. 12, 2018 (GLOBE NEWSWIRE) — Beta Music Group Inc. (OTC PINK: BEMG) through its operating subsidiary Get Credit Healthy, Inc. (“GCH”) today announced it is expanding with The Federal Savings Bank (“TFSB”), one of the largest privately held and most successful veteran-owned banks in America to create new loan opportunities.
TFSB policy is to not turn borrowers away but utilize different tools & resources to help them qualify for a home and build wealth. TFSB understands that credit is an important factor in the mortgage evaluation process. TFSB also understands that today’s fiercely competitive mortgage market challenges staff like never before. Heightened pressure to create new loan opportunities, reduce lead fallout, provide better pipeline visibility, mitigate compliance risk, and enhance customer loyalty places a significant burden on loan officers. Thriving under these intense market conditions requires a revolutionary new solution that transforms a credit challenged consumers into a well-qualified, well-informed applicant pool. TFSB has an end to end proven method to maximize business opportunity.
Elizabeth Karwowski, CEO of BEMG, stated “We’re excited to be part of TFSB’s growth plans by working directly with TFSB’s clients to achieve the American Dream of home ownership. The work we do is very rewarding. We appreciate the support and confidence TFSB continues to show Get Credit Healthy. We believe TFSB’s growth plans will generate significant additional Revenues for GCH.
About The Federal Savings Bank (“TFSB”)
The Federal Savings Bank, one of the largest privately held and most successful veteran-owned banks in America, is an industry leader providing tens of thousands of Americans a path to home ownership through residential home lending. As a federally chartered bank, its highly experienced bankers are experts in lending in all 50 states and have the ability to help those customers achieve the American Dream. Additionally, TFSB has 35 physical locations for its bankers to accept applications for loans and meet with clients to discuss their mortgage and banking needs. As reported by Bank Rate, regulatory filings show TFSB having equity of $73.4 million on assets of $363.7 million, as of December 31, 2017. The U.S. TFSB customers have $210.3 million on deposit at 2 offices in IL run by 897 full-time employees. With that footprint, the bank currently holds loans and leases worth $310.6 million, including real estate loans of $308.0 million. The complete analysis can be found at https://www.bankrate.com/banks/the-federal-savings-bank/2806877/. In recent years, the Bank’s exceptional work has earned accolades from Ellie Mae, The ABA Banking Journal and Bauer Financial. TFSB was named to Inc. 5000’s prestigious list of fastest-growing private companies in 2017. See https://www.inc.com/inc5000/list/2017. For more information, visit www.thefederalsavingsbank.com.