Metrocities Mortgage LLC said today that it funded $1.5 billion in closed loan volume for the first three months of 2006, a 23 percent increase over the same period in 2005. The results were attributed to Metrocities joint venture relationships with brokers and other real estate-related companies. “In 2005 alone we experienced a 90 percent increase in our number of these relationships over 2004,” said Paul Wylie, CEO of Sherman Oaks-based Metrocities, a direct mortgage lender.
