September 10, 2007 – (TUCSON, Ariz.) – - Reaffirming its commitment to the communities in which it has done business for the past 81 years, the Long Companies today announced the creation of a business partnership between its affiliated mortgage service division and its parent company. Long Mortgage Company and Home Services Lending have teamed up to provide individuals and families with a range of financing products for the purchase of a home, a partnership which will continue to operate under the Long Mortgage brand.
Home Services Lending is a product of Home Services of America, a Berkshire Hathaway affiliate which took ownership of Long Realty Company in 1999. Home Services of America is the second largest real estate holding company in the United States, boasting 385 branch offices in 19 states.
Through its joint ventures at the national level, Home Services Lending brings to Long Mortgage the unique ability to offer a host of competitive products from some of the nation’s most highly respected banks including Chase, US Bank, and Wells Fargo, the nation’s only AAA-rated bank.
"More than 80 years ago, we set out to provide an exceptional real estate services experience to our community with integrity, excellence, compassion, leadership, and teamwork," says Rosey Koberlein, CEO of the Long Companies. "The exciting partnership we announce today is another manifestation of that commitment," she continues, "and will enable our customers and clients to continue reaping the benefits of our national alliances."
"We recognize that the last few weeks have been an unsettling time in the local mortgage arena, with many individuals and families facing uncertainty about the availability of loan programs," says Koberlein, "and we wanted to extend confidence and peace of mind among our southern Arizona neighbors that our strong national credentials, our proud local history, and our genuine commitment to the community have all come together to provide them with exceptional service throughout the entire home buying experience. This partnership does just that."
Long Mortgage Company was established in 2003. It currently maintains a loan consultant staff of 16, and closed 2,622 loans in 2006. This figure ranked the company third among local mortgage companies for resale loan closings last year.