A firm that is a little more than a year old is boasting about its growing production of mortgages financed by family members.
National Family Mortgage opened for business in November 2010.
The Boston-based company provides peer-to-peer lending services for loans between relatives.
On Wednesday, National Family reported that it has originated more than $20 million in mortgages since launching. That worked out to $10 million in interest earnings kept in the family.
Programs provided through the broker include 100 percent loan-to-value mortgages, refinances and home-improvement loans.
Borrowers can obtain lower rates and fees as well as easier qualifying, while relatives who provide financing can earn better returns while protecting their investments, according to the announcement.
National Family says it offers mortgage servicing, including payment collection, loan accounting and issuance of year-end tax forms.
