SHERMAN OAKS, Calif., Oct. 30 /PRNewswire/ -- The New York branches of Prospect Mortgage, which currently operate under the name Metrocities Mortgage, will change to the name Prospect Lending, LLC on Nov. 2, 2009. The following five New York branch locations are affected:

1. 17 Computer Drive West, Albany, NY, 12205. (518-435-0376) Branch Manager: Kurt Endres
2. 198 S. Main Street, New City, NY, 10956. (845-634-4460)Branch Manager: Bruce Salik
3. 333 Westchester Ave., Suite ET102, White Plains, NY, 10604. (914-733-7900) Branch Manager: Donald Arace
4. 75-20 Astoria Blvd., Suite 375, East Elmhurst, NY, 11370. (718-533-3100) Branch Managers: George Lazaridis and Paul Baghoomian
5. 80 Office Park Way, Pittsford, NY, 14534. (585-419-4100) Branch Manager: Brian Belcer
   

"We are excited to take on the Prospect name. Our company is one of the nation's largest independent retail mortgage bankers with a national branch network, and we're proud that our New York locations now reflect our national brand," said Scott Johnson, Northeast Division President for Prospect. "Only our name is changing. All branch locations, phone numbers, operating hours, home loan products and, most importantly, our highly-experienced Loan Officers, remain exactly the same."

Prospect Mortgage is a direct lender specializing in FHA and VA, conforming, jumbo, super jumbo, renovation, REO and reverse mortgage lending. The company has more than 200 branch locations nationwide. With a deep commitment to outstanding customer service and long-term relationships with its customers, Prospect Mortgage has experienced an increase in 2009 lending volume of more than 140% over last year.

About Prospect Mortgage

Prospect Mortgage is one of the largest independent residential retail mortgage lenders in the United States. It is backed by Sterling Capital Partners, a private equity fund group with over $4 billion of capital under management. Headquartered in Sherman Oaks, Calif., Prospect Mortgage is also the Preferred Lender for more than 120,000 bank-owned properties nationwide. Read more about Prospect at www.myProspectMortgage.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090617/LA34214LOGO-b)

SOURCE Prospect Mortgage