Mortgagegreen Redefines the Traditional Mortgage Company Business Model

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Mortgagegreen Redefines the Traditional Mortgage Company Business Model

10% of Corporate Gross Profit Invested into Social and Environmental Causes

SAN FRANCISCO, CALIFORNIA, May. 13 -/E-Wire/Business Wire/-- Mortgagegreen, a Marin-based full-service mortgage company, announces today that 10 percent of its corporate gross profits are being invested into a select group of 12 social and environmental reform organizations. Having spent the last two and half years incubating, Mortgagegreen has developed into a cutting-edge, one of a kind mortgage company in California, designed as a fundraising tool for social and environmental causes.

Mortgagegreen's business model meets the growing demand for socially conscious business alternatives and will outreach to a specific group of 60 million consumers, referred to as the "Cultural Creatives," a market seeking sustainable alternatives and controlling $225.8 billion of the U.S. economy. "The mortgage lending industry enjoys substantial profit margins enabling mortgage companies to provide generous contributions to worthwhile causes," said Mortgagegreen founder and CEO, Tomek Rondio. "It is high time that the financial sector shows greater responsibility and gives back to our communities and to our planet," added Rondio.

Mortgagegreen estimates that if one out of every thousand loans in the U.S. were funded through the company, then more than $5 million annually would be generated for contributions to environmental and social reform. In 2002, the mortgage industry funded a record-shattering $2.5 trillion in loans. "Traditional financial institutions disclose the minimum operational data required by law and, as such, are free to operate and invest with little conscience or control, often at the expense of environmental and social well being," added Rondio.

In addition to investing 10 percent of its corporate gross profits into social and environmental reform organizations, Mortgagegreen pledges to beat any mortgage lender's total loan package. If, for any reason it cannot meet this obligation, Mortgagegreen donates $400 in its client's name to the Social and Environmental Activism Fund, SEAfund(R), an autonomous fund that manages the allocation of Mortgagegreen's contributions.

Mortgagegreen believes in the importance of providing "Respectful Financial Services," a basic criterion for filling the gaps between the traditional financial world and sustainable development. Because it has no obligation to specific lenders or service providers, the company operates with the highest level of transparency, objectivity and independence.

Established in Marin County in the city of Larkspur, California, Mortgagegreen is a full-service mortgage company providing an extensive range of residential and commercial loans, and real estate investment solutions, such as: market analysis and prognosis, investment and wealth-building strategy, industry insider information and risk assessment. Mortgagegreen's mission is to deliver price competitive, expedient and reliable mortgage services to its clients. The company, currently licensed in California, will service customers throughout 37 U.S. states within the next few months.

Mortgagegreen is a first-in-a-series of for-profit financial institutions in California, designed by founder and CEO Tomek Rondio as a fundraising tool for social and environmental reform organizations. Mortgagegreen invests 10 percent of its gross profits in organizations such as: Rainforest Action Network, Global Greengrants, Adbusters, GreenMBA, Pesticide Action Network, Earthjustice, Habitat for Humanity International, National Campaign for Sustainable Agriculture, Human Rights Campaign, Electronic Privacy Information Center, and the Oil and Gas Accountability Project. More information is available at http://www.mortgagegreen.com

Tomek Rondio, [REDACTED-PHONE] or [REDACTED-PHONE] (Mobile), [REDACTED-EMAIL] or Effendi Communications, Caroline Alain-Rodman, [REDACTED-PHONE] or [REDACTED-PHONE] (Mobile), [REDACTED-EMAIL], Shereen Mahnami, [REDACTED-PHONE] (Mobile), [REDACTED-EMAIL]

http://www.mortgagegreen.com

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