Sector: Financials | Industry: Consumer Lending |
Reliant Financial Service Corporation, formerly Reliant Home Warranty Corporation, is a development-stage company engaged in marketing a series of non-prime mortgage suite of products. The Company offers a line of home value warranty programs, designed for sale to purchasers of residential real estate primarily single-family homes and condominiums. The Company, through its subsidiaries, operates a mortgage banking business in Canada. It originates, finances, securitizes, services and markets non-prime mortgages secured by residential real estate. The Company originates loans both through independent brokers and a direct sales force. The Company's wholesale channel also originates non-prime mortgages through relationships with local financial institutions and businesses that restrict their activities to brokering mortgage loans. Reliant Home Mortgage Canada, Inc. is the Company's wholly owned subsidiary.
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