Mortgage Master Reports Record Volume For First Half

Posted by Patrick Barnard on July 16, 2013 No Comments
Categories : Residential Mortgage

Private lender Mortgage Master reports that it generated record volume of $3.97 billion for the first six months of this year, a significant increase over the $3.25 billion it handled in the first half of 2012.

The firm has been growing rapidly for the past several years. In 2012, Mortgage Master increased its originations to a record $7.3 billion, up from $5.5 billion in 2011.

Mortgage Master also reports that it was the leading lender, in terms of volume, for 2012 in Massachusetts. In addition, the firm maintained its number one position in the state for the first half of this year, with volume for Massachusetts alone reaching $2.17 billion.

"As we expand and leverage our successful model across the U.S., we continue to hire quality loan officers looking to join a lender that is committed to helping borrowers find the right mortgage solution," says Paul Anastos, president of Mortgage Master.

Average production per each of Mortgage Master's loan officers was $16 million for the first six months of 2013, far above the industry average, the firm reports. What's more, it closed $8.1 billion in loans, or 25,700 units, from July 2012 to June 2013. For this period, average production on an annualized basis per loan officer was $32 million, also significantly above the industry average.

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