Beacon Equity Research Featured Company: Reliant Financial Services, Inc. (RFNS.OB)
Reliant Financial Services, Inc. (RFNS.OB) and its subsidiaries carry on a mortgage banking business in Canada. The company focuses on originating, financing, securing, servicing and marketing non-prime mortgages secured by residential real estate. Reliant utilizes both 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 was founded in 2005. Their original plan was to break down the barriers of mortgage financing for less than-prime consumers in the Canadian Market. With challenges such as the 2007 US sub-prime…
