Scotsman Guide Releases 2016 Top Mortgage Lender Rankings
RADNOR, Pa.--(BUSINESS WIRE)--
The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”) (OTCQX:
JGWE) today announced it has been named a 2016 Top Mortgage Lender by
Scotsman Guide, a leading resource for mortgage originators. J.G.
Wentworth Home Lending™ was ranked No. 46 in Top Overall Volume. The
company’s 2016 total volume reached $3.4 billion, nearly 65 percent
higher than its 2015 volume.
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“We are proud to be named a ‘Top 50’ mortgage lender for the first time,
and we thank Scotsman Guide for our recognition,” said Stewart A.
Stockdale, CEO of J.G. Wentworth. “Our mortgage-lending business has
grown tremendously, and we’re thrilled to see our great progress
reflected in this year’s rankings.”
Scotsman Guide released its fifth annual Top Mortgage Lenders
rankings on June 1, 2017. The list, which ranks the nation’s top
mortgage-lending companies, appears in Scotsman Guide’s June 2017
residential edition, as well as online at ScotsmanGuide.com/TopLenders2016.
J.G. Wentworth Home Lending was ranked among hundreds of mortgage
companies across the country. To be eligible for consideration in Scotsman
Guide’s Top Mortgage Lenders rankings, all loan volume had to be
from mortgages on one- to four-unit residential properties within the
U.S. No commercial or international loans were included. Scotsman
Guide also required written verification of top entrants’ volume
from a certified public accountant, the Chief Financial Officer at the
company or a similar source.
“It’s an honor to have Scotsman Guide recognize J.G. Wentworth
Home Lending,” said Phil Buscemi, President of J.G. Wentworth Home
Lending. “We will continue to invest in the growth of our mortgage
business, and work to deliver best-in-class products to our customers.”
For J.G. Wentworth Home Lending, this recognition comes on the heels of
multiple accolades for customer satisfaction and innovation. Most
recently, the company was named top-rated in customer satisfaction for
Q1 2017 by LendingTree®, a leading online loan marketplace.
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.
Forward-Looking Statements
Certain statements in this press release 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 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 Report on Form 10-Q for the quarter ended March 31, 2017 to be
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.

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Source: The J.G. Wentworth Company