NY Mortgage Adds 10 Branches

The New York Mortgage Co. LLC, New York, has announced the addition of 10 new branch offices as part of an assumption agreement with SIB Mortgage Corp.The expansion extends NYMC's retail operations into Indiana, Maryland, Michigan, New Hampshire, and Virginia for the first time and raises the number of branch offices in the New York metro region to 12, the company said. SIB Mortgage was a subsidiary of Staten Island Bancorp before the latter was acquired by Independence Community Bank. NYMC is a residential mortgage banking firm serving as both a direct lender and a mortgage brokerage. It is authorized to do business in 38 states, and plans are under way for additional expansion. The company can be found online at http://www.nymc.com.

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