SOURCE: Expert Group

October 27, 2009 09:08 ET

Expert Group Inc. Now Offers Low FICO Ginnie Mae Loans

MIAMI, FL--(Marketwire - October 27, 2009) - Expert Group, Inc. (PINKSHEETS: EXPU) proudly announces it now offers Ginne Mae backed FHA loans.

Ginnie Mae securities are currently among the most secure investments in the global capital market. In 1934, during the depths of the Depression, Congress passed the National Housing Act to strengthen a deeply troubled housing market. An important element of this legislation was to make mortgage funds available to more Americans by protecting lenders from the risk of default. Ginnie Mae is the only agency to offer mortgage-backed securities backed by the full faith and credit of the United States government.

What Does This Mean For Expert Financing?

Expert Financing now offers FHA Loans to clients with a FICO score as low as 560 direct to Ginnie Mae. Overall, a score of 650 or above is a sign of a very good credit and is considered a good credit score. People with scores of 650 or higher will, all things considered, have a good chance of obtaining quality loans at the best interest rates.

With scores below 620, consumers may still obtain a loan. However, getting a loan in such cases is extremely tough, as creditors consider scores below this value to be an indication of greater credit risk.

Robert Rico stated: "The FHA Market is what is fueling the real estate recovery, but as we all know, in 2008 the credit scores of lots of hard working people were affected negatively by the national economic conditions. At present, low credit scores are a big obstacle for many of these people and keeps them from being approved for loans. As a certified FHA Lending institution that now offers Ginnie Mae Loans we have positioned ourselves as the best firm in the Florida marketplace to close more loans for more people. We are now partnered with over 50 lending agencies to find the absolute best deal for people, but more importantly we are able to find a loan that works, period. Our closing rate is high and will now be even higher."

For further information about Ginnie Mae, investors are invited to visit the following link: http://www.ginniemae.gov

Robert Rico concluded: "Being able to offer low FICO Ginnie Mae backed loans means more loan closings for Expert. We project that we will do up to 20% more loan closings per month as a result. It also further establishes our credibility and the fact that we are a player in the Florida lending marketplace. Not every lender is able to offer loans of this nature. We had to go through a rigorous application process, followed by an inspection and interview process. Additionally, we must regularly provide audited financials and I plan to make these documents available to our shareholders and other interested parties at http://www.expertgroupblog.com."

About Expert Group, Inc.

Expert Group, Inc. markets a variety of financial products and services through Expert Financing & Investments, Expert Group Title Services and Expert Credit Fix U.S.A. Expert is licensed by the Department of Financial Regulations and a member of FAMB, FHA and VA Lender.

About Expert Financing:

Expert financing offers up-to-date loan programs tailored to all borrowers' needs, specializing in Fannie Mae, Freddie Mac, FHA, conventional and non-conventional loans of all sizes. An Expert Loan Officer can help you find the best Loan for your needs.

About Expert Credit Fix U.S.A.

Expert Credit Fix U.S.A. is ahead of the game, assisting borrowers with less than perfect credit to fulfill their dream of home ownership. Expert Credit Fix U.S.A. will help borrowers restore their credit to a level where lenders will grant them credit and at a low interest rate.

Expert Financing Locations:

17501 Biscayne Blvd #540
North Miami Beach, Fl 33160

1065 Kane Concourse
Bal Harbour, FL 33180

19501 Biscayne Blvd
Miami, FL 33180-2377

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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