PLANO, Texas -- Metrocities Mortgage, a leader in the residential mortgage lending market, has announced the opening of a new Dallas-area Loan Center, located at 5800 Granite Parkway, Suite 300, Plano, TX 75024. The new location will serve the real estate needs of North Central Texas, including Fort Worth, Dallas, Plano, McKinney, Frisco and Allen. At the new office, borrowers will find an experienced mortgage staff and have access to more than 7,000 loan products.

In making the opening announcement, Richard Powers, President, Western Division, said the new loan center is a natural extension of Metrocities Mortgage's work within Texas.

"Metrocities has been serving the needs of Texas residents for quite some time, and this new loan center further solidifies our commitment to the community," Powers explained. "Metrocities is ranked among the top 1 percent of retail mortgage firms in the country and has one of the nation's highest application approval rates. We understand the unique lending needs of this community and are pleased to provide residents with our extensive product offering."

"Metrocities already has several joint ventures or affiliated business arrangements with area firms," added Vice President/Manager Sally Hall, who is leading operations at the new facility. "We look forward to further cultivating relationships within this great community."

Metrocities has built the cornerstone of its business upon affiliated business arrangements in which the lender partners with real estate firms and others to create a "one stop shopping" service for home buyers. The direct lender and preferred mortgage broker's full service lending capabilities include both traditional and innovative loan programs such as Interest-only and Stated Income/Stated Asset.

For additional information, please call (972) 731-2684.

About Metrocities Mortgage

Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume, closing over $6.3 billion(a) in 2004. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures (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 proprietary search engine technology, enabling them to find the best loan products for their clients. As America's Best Relationship Lender(SM), Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer Service(SM). For additional information, please call (800) 215-7138, or visit us online at www.metrocitiesmtg.com.

(a)Includes Metrocities family of companies.

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