MortgageBrokers.com Touts Franchise Model

MortgageBrokers.com Holdings Inc., a New York-based mortgage brokerage consolidator, has announced limited availability of its franchise model to mortgage brokers in the United States.The company said its model allows small and medium-size brokerages to compete with established national mortgage originators by combining them into a "scalable operating entity" that can better compete under one recognizable brand. "The prime objective is to improve the economic performance of the combined companies through the reduction of operating costs, expansion of a national brand, diversification of product lines, and investment in technology," the company said. Alex Haditaghi, chief executive officer of MortgageBrokers.com, said an estimated 40,000 small and medium-size brokerages in the United States will find it more and more difficult to survive in the face of rising interest rates and tougher competition. "Given the current business and economic climate, we strongly believe this is the right time for us to introduce our business model," he said. The company can be found online at http://www.mortgagebrokers.com.