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Colonial National Mortgage Introduces New Group Mortgage Program for Companies
April 29, 2003, FORT WORTH, TEXAS -- Colonial National Mortgage, a division of Colonial Savings, has developed a corporate mortgage program of resources, discounts and other values that companies can offer their employees who are purchasing or refinancing a home.
Colonial Select is a unique and powerful addition to employee benefit packages available at no cost to participating companies or their employees. It is available to all companies regardless of size or type of industry. Included in the Colonial Select Group Mortgage Program package are:
- Discounted lender fees for home purchases and refinances
- Preferred rates on appraisals, credit report and service fees
- Discounted personal loans from Colonial Savings (subject to credit approval)
- Free checking account from Colonial Savings for the life of the mortgage loan
- Free home-buying seminars
- A professional mortgage banker dedicated to the participating companys employees for personal consultations
- Free Colonial Select communication materials, including brochures, posters, paycheck stuffers
As a participating lender in the GE Homebuyer Privileges, participants in Colonial Select may also take advantage of additional discounts, rebates and special offers brought to borrowers from GE:
- 10% Savings at The Home Depot on any single visit or purchase up to $2,000
- Savings on GE Appliances, including refrigerators, washers and dryers, and other major appliances
- 10% Savings on Penske truck rentals and moving supplies
- Savings of $100s on DISH Network Satellite TV Systems
- Savings of $100s on specially designed security systems from ADT
- Special rates on GE residential long distance telephone service
- $200 off carpet, hardwood, tile and other products from Flooring America
- Discounts on AVIS rental cars
- 20% off regular room rates at more than 4,000 hotels nationwide
According to Jim DuBose, president of Colonial Savings, companies of all sizes will find the Colonial Select Group Mortgage plan attractive for several reasons, "In business today, companies need innovative tools to attract and retain good employees. In addition to competitive compensation, workers want a benefits plan that enhances and simplifies
their lives. Making the home-buying process easier, more affordable and with additional value is a great way to provide a new benefit to employees without adding additional expense to the company", said DuBose.
Colonial Select Group Mortgage Program is available at all Colonial National Mortgage branches nationwide.
About Colonial Savings/Colonial National Mortgage
Founded in 1952, Colonial Savings F.A. is a national, multi-service financial institution headquartered in Fort Worth, Texas, and is one of largest servicers of mortgage loans in the United States, with a servicing portfolio exceeding $7 billion. It is the parent company of Colonial National Mortgage, a leading residential mortgage lender; CU Members Mortgage, which provides mortgage services to credit unions nationwide; and Colonial Savings, a network of top-rated, banks located throughout North Central Texas. It is also affiliated with Colonial Life Insurance Company of Texas and DuBose & Associates Insurance. The privately held company provides a full array of personal financial products and originates more than $3 billion in FHA, VA, conventional and innovative single close construction loans annually.
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