The Mortgage Collaborative Releases Year-End Report On Growth

Posted by Patrick Barnard on January 09, 2017 No Comments
Categories : Residential Mortgage

The Mortgage Collaborative (TMC), the industry’s only independent mortgage lending cooperative dedicated to helping lenders improve execution, reduce costs, enhance expertise and meet compliance, recently released year-end data on its growth.

The data shows that members of the collaborative originated about $150 billion in volume during 2016.

“Adding 50 new lender members and 20 new preferred partners in 2016 met the aggressive goals established by our board and grew our aggregate origination volume to over $150 billion,” says David G. Kittle, CMB and president of the collaborative, in a release. “In addition to these amazing gains, we’ve extended our partnerships with Fannie Mae, Freddie Mac and NAHREP and hired two experienced professionals to support Rich Swerbinsky, our executive vice president of national sales. Jen Peachman and Tom Gallucci bring valuable years of customer service experience to TMC.

“We also greatly expanded our educational and peer-to-peer networking platform that offered lender, networking calls on relevant and specific industry issues,” Kittle adds. “As we move into 2017, TMC will continue to expand on both our winter and summer conferences, both of which were resoundingly successful in 2016.”

TMC, which had been adding members in practically every quarter of 2016, announced in June that it had surpassed $100 billion in originations.

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