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Press Release:

i3 Lending Acquires Sentrix Financial Services

Expands its wholesale channel and increases penetration in key markets

August 31, 2015 – i3 Lending, a privately held mortgage lender licensed in 14 states, announces it has acquired the assets of Sentrix Financial Services, a mortgage broker with 22 branch offices and 89 loan originators operating in multiple states mainly along the east coast of the U.S.

Predominantly known for consumer direct lending, i3 Lending has steadily grown since its inception in 2013. The acquisition of Sentrix represents an important step in its growth plan, as it increases its presence in key markets and will certainly increase its volume as well. The company expects to fund approximately $800 million in loan volume over the next 12 months.

When questioned as to his opinions of the mortgage business, Chairman Sujay Kanth is bullish as it relates to i3’s business model saying, “we have witnessed a long downturn in the market and now the revival is being led by strong companies that can offer great services at reduced costs. With Sentrix, an opportunity exists to integrate its platform and talent with I3’s technology and service driven business model and maximize its ROI."

Kurt Seidel, Sr. Vice President at Sentrix says, "Sentrix's loan originators and processors have always focused on the customer experience. Now with access to great rates, exceptional technology and substantial back office support, the combined organization will be stronger than ever, to the ultimate benefit of both consumers and our company."

“Sentrix is very customer driven and its model compliments i3's model perfectly. As we continue to expand both our Wholesale and Correspondent channels, we look ahead to becoming a Top 50 lender in the not so distant future," says Anthony Gioia, the company President.

About i3 Lending, NMLS #1020884

As a front runner in the financial industry, i3 Lending is a leading provider of mortgage services. With a large network of lenders and exceptional technology, i3 offers its customers the most competitive rates on the market, a strong selection of loan programs and a high level of service from top to bottom. Founded in 2013, the company is licensed in 14 states and plans to be nationwide and FHA approved in the near future. Visit www.i3lending.com for more information.

About Sentrix Financial Services, NMLS #184149

Sentrix is a mortgage lender, licensed in 17 states, with branch offices in multiple states. Its focus on customer service has been the driver of their growth since its inception.

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  • Alabama : Consumer Credit License NMLS# - 22208.
  • California : Loans made or arranged pursuant to a California Finance Lenders Law license (603L562).
  • Colorado : i3 Lending, Inc., (888) 975-1374 NMLS# - 1020884. Regulated by the Colorado Division of Real Estate.
  • Delaware : Licensed Mortgage Loan Broker, Broker License# - 012797, Lender License# - 019014.
  • Florida : Mortgage Lender License# - MLD1115.
  • Louisiana : Residential Mortgage Lending License NMLS# - 1020884.
  • Maryland : Mortgage Lender License# 06-20724.
  • Michigan : Mortgage Broker/Lender License: i3 Lending, Inc., NMLS# - FL0019528.
  • Mississippi : Mortgage Lender License NMLS# - 1020884.
  • New Jersey : Loans made or arranged by third parties. Licensed by the N.J. Department of Banking and Insurance. Correspondent Residential Mortgage Lender License #NJ-C-01020, NMLS# - 1020884.
  • North Carolina : Mortgage Loan Act Certificate of Registration: i3 Lending, Inc., NMLS# - L-162337.
  • Ohio : Mortgage Loan Act Certificate of Registration: i3 Lending, Inc., NMLS# - SM.501900.000. 1900 Boothe Circle, Suite #100, Longwood, FL 32750
  • Pennsylvania : Licensed by the Pennsylvania Department of Banking and Securities under Mortgage Loan Correspondent Lender License #45072, NMLS# - 50211.
  • South Carolina : DCA Mortgage Broker License NMLS# - MB-1602200.
  • Tennessee : (Mortgage License# - 115450).
  • Texas : Licensed by the Texas Department of Savings and Mortgage Lending, License # 1020884.
  • In Texas - Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the TEXAS department of savings and mortgage lending, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550.
    The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, Please consult the department’s website at www.sml.texas.gov.

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