J.G. WENTWORTH® NAMED BY LENDINGTREE AS TOP CUSTOMER-RATED
Company ranked No. 2 overall among LendingTree’s top home lenders in Q1 2017
RADNOR, Pa.–(BUSINESS WIRE)– The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (OTCQX: JGWE) today announced that LendingTree®, a leading online loan marketplace, has named J.G. Wentworth Home Lending™ Top Rated in Customer Satisfaction for Q1 2017 by placing second overall in LendingTree’s broader ranking of top home lenders for the quarter.
“We are honored to be recognized by LendingTree for our commitment to our customers,” said Stewart A. Stockdale, CEO of J.G. Wentworth. “Our customers come first, and this award reflects the deep investment we’ve made in providing a customer experience that stands apart in the marketplace.”
LendingTree’s list featured the top customer-rated lenders from its network of more than 450 entities, based on actual customer reviews for the first quarter of 2017. Winners were rated on offered rates, fees and closing costs, responsiveness and customer service, and ranked based on overall customer experience.
“Our lender ratings and reviews provide consumers the opportunity to read about real loan experiences, which promotes high-quality customer service across LendingTree’s lender network and offers real insight to help consumers make informed decisions when choosing lenders,” said Neil Salvage, President of LendingTree.
“Our division is committed to empowering customers to make informed decisions at every stage of the home lending process,” said Phil Buscemi, President of J.G. Wentworth Home Lending. “We’re thrilled to again be recognized by the very people we’re serving, and to know that we’re succeeding in connecting consumers with the products they want.”
For J.G. Wentworth Home Lending, this recognition comes on the heels of two awards from Ellie Mae®, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Earlier this year, the company was inducted into the 2017 Ellie Mae Hall of Fame, an honor bestowed upon mortgage lenders and partners that have distinguished themselves through their industry leadership and innovative use of Ellie Mae technologies. It was during the Ellie Mae Hall of Fame Awards that J.G. Wentworth Home Lending received recognition for Excellence in Compliance Automation as well as the inaugural President’s Award for Encompass Excellence.
J.G. Wentworth Home Lending originates conventional, FHA and VA loans in 40 states and the District of Columbia.
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.
Certain statements in this document constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as ”plans,” ”expects” or ”does expect,” ”budget,” ”forecasts,” ”anticipates” or ”does not anticipate,” ”believes,” ”intends,” and similar expressions or statements that certain actions, events or results ”may,” ”could,” ”would,” ”might,” or ”will,” be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.
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 any of 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, 2016, as updated by “Part II, Item 1A. Risk Factors” in our Quarterly Reports on Form 10-Q for the quarters ending since that date and 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; infringement of our trademarks or service marks; 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 ability to maintain our state licenses or obtain new licenses in new markets; our ability to continue to purchase structured settlement payments and other financial assets; our business model being susceptible to litigation; our ability to remain in compliance with the terms of our substantial indebtedness and to refinance our term debt; 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 renew or modify our warehouse lines of credit; the accuracy of the estimates and assumptions of our financial models; changes in prevailing interest rates and our ability to mitigate interest rate risk through hedging strategies; 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 (“MSRs”) and recapture loans that are refinanced; changes in the guidelines of government-sponsored entities (“GSEs”), or any discontinuation of, or significant reduction in, the operation of GSEs; potential misrepresentations by borrowers, counterparties and other third-parties; 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
The J.G. Wentworth Company®
Erik Hartwell, VP, Investor Relations
The Glover Park Group