Mortgage Loan Demand Growing in DC Metro Area

Mortgage Loan Demand Growing in DC Metro Area-Image via Wikipedia

Leading mortgage bank continuing to expand east coast presence

Mortgage Master, Inc., one of the nation’s largest independently owned mortgage companies, recently opened its new Rockville, MD office to accommodate the firm’s growing mortgage demand.  The new office will handle Mortgage Master’s increasing market share in the Washington, DC metro area.  The company sees tremendous promise in those areas, known for affluent housing and stable government jobs.

“The thing that really attracted me to Mortgage Master is its flat management structure and lack of bureaucracy,” said Brian Fein, Mortgage Master’s Rockville branch manager. “This enables us to be one of the lowest cost providers, which ultimately allows us to offer the consumer the best prices and products available. Having lived in Montgomery County for almost 30 years, I know that Rockville will provide a convenient and attractive hub for our salespeople working in the greater-D.C. area.”

Based in Walpole, MA, Mortgage Master continues to see strong demand despite recent upticks in rates and the continued slow pace of the housing recovery. The firm did approximately $5.5 billion in total lending volume in 2010 and continues to expand its reach in the mortgage market.

“Our company has been so successful because we open offices in markets like Rockville where we know we are dealing with a stable, reliable community of borrowers,” said Mortgage Master CEO Leif Thomsen.  “The D.C. area in particular is a strong area of focus for us. We already have a very strong presence in the Mid-Atlantic region, and the metro D.C. area is a key piece of the market.”

The new Mortgage Master office is located at: 11333 Woodglen Drive, Suite 102 in Rockville, MD.  Mr. Fein has been in the mortgage business almost 30 years originating and managing lending at both private and publicly owned mortgage banking organizations. Prior to joining Mortgage Master, Mr. Fein was VP and Home Loan Manager at Bank of America Home Loans. He was also previously VP at Countrywide Home Loans and American Home Mortgage

About Mortgage Master

Mortgage Master, Inc. (www.mortgagemasterinc.com) is a Massachusetts Company founded in 1988 by Mr. Leif Thomsen. Since then, the company has grown to become the largest volume lender of mortgages in Massachusetts. Mortgage Master is the country’s largest independently owned mortgage company, consistently lending over $4 billion each year. Mortgage Master employs more than 500 employees nationwide, with approximately 260 loan experts providing loans and services in approximately 22 states.

The corporate headquarters is located in Walpole, MA, with satellite offices in California, Connecticut, New Hampshire, New Jersey, New York, Pennsylvania, Maryland, and Rhode Island. Mortgage Master employs more of the top 200 loan officers in dollar volume than any other lender in the U.S.

CONTACT: James Coronios, Dukas Public Relations, +1-212-704-7385, james@dukaspr.com

Web Site: http://www.mortgagemasterinc.com

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Filed under: Real Estate

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