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About Us

The California Mortgage Cooperative (CMC) came together as a small group of mortgage bankers and originators who formed a strategic alliance aimed at growing their business in the face of mounting government restrictions and increased net worth requirements imposed by FHA. Without the opportunity that CMC provides, many of these companies would otherwise be forced to close their doors.

Strength in Numbers

By leveraging individual resources through the combined strength of partnership, members can now meet the new financial requirements, stabilize their companies, and utilize shared resources in training and technology that ultimately reduce operating expenses.

You're In Control

Unlike net branch opportunities, CMC members continue to retain their own autonomy and run their own companies. As a CMC member, you’ll continue to hire and manage staff, create your own rates sheets and determine your own profit margins. However, with CMC partnership comes its rewards! CMC members are additionally eligible to receive bonus incentives if the cooperative makes its year-end profit goals. It’s just another advantage of doing business the CMC way.

Together We Are Strong

Membership gives us strength that allow us to be able to negotiate enhanced investor relationships that result in improved pricing and product availability necessary to compete with big banks. With the sharing of a centralized loan origination, underwritingand funding platforms, members can further reduce overhead expenses and provide faster turn times that result in greater profits.

Training and Technology Solutions

At CMC, members share in the latest technology solutions. Learn to use our "paperless loan processing" system to save time and money. CMC also has periodic meetings and training which helps to eliminate expenses members currently have by needing to hire their own staff to research, develop and implement new operating procedures and guidelines.

Save on the Cost of Doing Business

Members will benefit by using CMC preferred vendors and benefit from discounted member pricing on services collectively used. Vendor services may include office supplies or mortgage fulfillment services such as credit reports fees, flood certs, appraisal services, and more. Vendors are continuously added to enhance member savings.