J.G. WENTWORTH HOME LENDING™ NAMED FINALIST FOR 2017 ELLIE MAE® HALL OF FAME AWARDS
Company Nominated in All Categories
RADNOR, Pa.–(BUSINESS WIRE)– The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (OTCQX: JGWE) today announced that J.G. Wentworth Home Lending™ has been nominated for four awards by Ellie Mae®, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry.
The annual Ellie Mae Hall of Fame Awards recognize the best and brightest companies in the mortgage industry that use Ellie Mae’s Encompass® all-in-one mortgage management solution.
This year, J.G. Wentworth is the only company to be nominated in all four award categories:
1) Exceptional Achievement in Business Growth,
2) Excellence in Compliance Automation,
3) Exceptional Achievement in Loan Quality, and
4) Outstanding Efficiency and ROI.
“We are honored to be named a finalist for several Ellie Mae Hall of Fame awards alongside some of the best and brightest in the mortgage industry,” said Stewart A. Stockdale, CEO of J.G. Wentworth. “This achievement is a testament to the dedication of our employees, and their focus on innovative strategies that deliver measurable business results.”
Ellie Mae’s suite of tools and services are designed to help mortgage entities realize a variety of process improvements including, but not limited to, ensuring compliance, enhancing loan quality and boosting efficiency.
“Ellie Mae has been an integral part of our operations, allowing us the flexibility to design the optimal customer experience while keeping pace with the evolving regulatory and compliance landscape,” said Steven Sigman, Chief Operations and Administration Officer. “Our nomination in all four categories reflects the pursuit of continuous improvement for both our customers and internal operations. We are pleased to be recognized for our passion and commitment in delivering a quality product and experience to our customers.”
J.G. Wentworth entered the mortgage space in 2015, following its purchase of West Star Mortgage, Inc. The company originates conventional, FHA and VA loans in 40 states and the District of Columbia.
“Our organization has made numerous strides in the mortgage industry over the last year, while achieving significant originations growth,” said Phil Buscemi, President of J.G. Wentworth Home Lending. “We will continue to seek new, innovative ways to meet consumer demand in the marketplace and empower our customers with the tools to achieve their home lending goals.”
Ellie Mae will announce the winners at Ellie Mae Experience 2017, to be held March 6-8, 2017, in Las Vegas, Nevada.
About The J.G. Wentworth Company®
The J.G. Wentworth Company® is focused on providing direct-to-consumer access to financing solutions through a variety of avenues, including: mortgage lending, structured settlement, annuity and lottery payment purchasing, prepaid cards, and access to providers of personal loans.
Mortgage loans are offered by J.G. Wentworth Home Lending, LLC NMLS ID # 2925 (www.nmlsconsumeraccess.org), 3350 Commission Court, Woodbridge, VA 22192; 888-349-3773.
For more information about The J.G. Wentworth Company®, visit www.jgw.com or use the information provided below.
This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
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A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause our actual results, performance and opportunities in future periods to differ materially from those expressed or implied by such forward-looking statements. Consideration should also be given to the areas of risk set forth under the heading “Risk Factors” in our filings with the Securities and Exchange Commission, and as set forth more fully under “Part 1, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015, as updated by “Part II, Item 1A. Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016as previously filed with the SEC. These risks and uncertainties include, among other things: our ability to execute on our business strategy; our ability to successfully compete in the industries in which we operate; our dependence on the effectiveness of direct response marketing; our ability to retain and attract qualified senior management; any improper use of or failure to protect the personally identifiable information of past, current and prospective customers to which we have access; our ability to upgrade and integrate our operational and financial information systems, maintain uninterrupted access to such systems and adapt to technological changes in the industries in which we operate; our dependence on third parties, including our ability to maintain relationships with such third parties and our potential exposure to liability for the actions of such third parties; damage to our reputation and increased regulation of our industries which could result from unfavorable press reports about our business model; the accuracy of the estimates and assumptions of our financial models; infringement of our trademarks or service marks; our ability to maintain our state licenses or obtain new licenses in new markets; changes in, and our ability to comply with, any applicable federal, state and local laws and regulations governing us, including any applicable federal consumer financial laws enforced by the Consumer Financial Protection Bureau; our business model being susceptible to litigation; our ability to continue to purchase structured settlement payments and other financial assets; the public disclosure of the identities and information of structured settlement holders maintained in our proprietary database; our dependence on the opinions of certain credit rating agencies of the credit quality of our securitizations; our ability to complete future securitizations, other financings or sales on favorable terms; the insolvency of a material number of structured settlement issuers; adverse changes in the residential mortgage lending and real estate markets, including any increases in defaults or delinquencies, especially in geographic areas where our loans are concentrated; our ability to grow our loan origination volume, acquire mortgage servicing rights, or MSRs, and recapture loans that are refinanced; changes in the guidelines of government-sponsored entities, or GSEs, or any discontinuation of, or significant reduction in, the operation of GSEs; potential misrepresentations by borrowers, counterparties and other third parties; changes in prevailing interest rates and our ability to mitigate interest rate risk through hedging strategies; our ability to obtain sufficient working capital at attractive rates or obtain sufficient capital to meet the financing requirements of our business; our ability to remain in compliance with the terms of our substantial indebtedness and to refinance our term debt; our ability to raise additional capital as a result of our Class A common stock now being traded on the OTCQX® Market; and our ability to meet the ongoing eligibility standards of the OTCQX® Market.
Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to publicly revise any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.
Source: The J.G. Wentworth Company