Sun Prairie, Wis.-headquartered Fairway Independent Mortgage Corp. says it more than doubled its mortgage sales in New England in 2009, with loan volume growing from $295 million in 2008 to $720 million last year – a 244% increase.
Fairway is now ranked 28th in mortgage loan volume in Massachusetts, up from 76th in 2008, according to data from Banker & Tradesman, a trade publication covering the New England real estate and mortgage market. The company, which opened its first Massachusetts branch in February 2006, has branches in New Hampshire, Maine and Rhode Island and closes loans throughout New England.
Nationwide, Fairway is coming off a record year in 2009. The mortgage banker closed $3.3 billion in mortgage volume – a 70% increase from the prior year.