Finance of America Mortgage, which boasts the backing of The Blackstone Group (BX) and recently splashed on the scene with a number of high-profile lender acquisitions, announced an affiliation with well-known real estate coach Mike Ferry and the Mike Ferry Organization.
As part of the agreement, Finance of America Mortgage will be traveling with the organization providing local representation and support to markets The Ferry Organization serves across the country, the company said in a release.
Finance of America recently announced acquisitions including Gateway Funding Diversified Mortgage Services, Pinnacle Capital Mortgage and certain assets and operations of PMAC Lending Services. The company also owns Urban Financial of America.
With the acquisitions, Finance of America is well on its way to becoming one of the largest nonbank lenders in the country.
And now, the company is aligning itself with Mike Ferry, who the National Association of Realtors called “one of the most influential people” in real estate.
Ferry’s organization offers a variety of services to real estate agents, including one-on-one coaching, productivity and prospecting schools.
The agreement with Ferry is part of Finance of America’s push to become an industry leader, the company said.
“Powered by one of the world’s largest private equity firms while keeping the soul of a small company, Finance of America Mortgage holds a strong commitment to serving its clients and the real estate community,” the company said in a release.
“With its cutting edge technology that provides real time transparency to its real estate partners, and its commitment to ‘Constant Progress, Constant Support’, the company focus remains on enhancing the client experience,” the company continued.
Under the agreement, Finance of America will be housing an east coast prospecting school for the Mike Ferry Organization inside its 25,000 sq. foot facilities in Boca Raton, Florida, mirroring the school currently held year round in Las Vegas, NV.
Finance of America Mortgage Vice Presidents Matt Weaver and Avi Mizrahi, who manage the Boca Raton office, said they understand the importance of this affiliation.
“We are truly excited to be aligning ourselves with one of the most well respected brands in real estate,” said Weaver. “Mike Ferry defines real estate sales. We want to be the best so we teamed with the best.”
Mizrahi said that they are “honored to have the opportunity to house The Mike Ferry Organization’s prospecting school within our facilities, as it provides another avenue to introduce this value to our real estate partners locally and across the east coast.”
Ferry said that Blackstone’s backing and Finance of America’s approach were big reasons that he chose to align his organization with a lender for the first time in his 40 years of real estate coaching.
It was important to find an organization that I could continue growing with across the country and that shares my passion for helping agents improve their business,” Ferry said. “The leadership team, growth strategy and financial backing of The Blackstone Group, one of the most prestigious and respected companies in the world, solidified the decision.”
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