Mortgage lender offers some of the lowest mortgage rates in the industry
Plans under development to be able to originate in 45 states by the end of 2011
MILFORD, CT – May 10, 2010 – (RealEstateRama) — Total Mortgage Services, LLC, a leading mortgage lender and broker announced that it received its state of Pennsylvania Mortgage Lender License from the Pennsylvania Department of Banking and can now originate residential mortgage loans throughout Pennsylvania.
“Total Mortgage is very excited about opening for business in Pennsylvania and we look forward to working with high quality borrowers throughout the state,” says John Walsh, president and founder of Total Mortgage. “We offer significant value to our clients every day by combining low rates and great service. In addition, we have a team of very experienced and knowledgeable loan officers, traits that are required in this rapidly-evolving lending environment.”
Total Mortgage is offering some of the lowest current mortgage rates in Pennsylvania on jumbo loans, FHA insured mortgages, 30-year fixed rate mortgages, and adjustable-rate mortgages. At a time when other mortgage lenders are struggling to stay in business, Total Mortgage is coming off one of the most successful years in its history. Despite the a decline in originations in the overall U.S. marketplace, Total Mortgage is projecting 2010 origination volume to increase to over $1 billion, compared to about $700 million in 2009.
“Our customer-centric philosophy of low rates and responsible lending is being very well received in the marketplace,” says Mr. Walsh. “While so many in our industry focused on low-quality mortgage loans, we maintained sound underwriting standards and continued to loan only to those with the ability to make their mortgage payments.”
By utilizing in-house underwriting, processing and the newest technologies, Total Mortgage is able to cut costs on mortgages and pass the savings along to borrowers. Total Mortgage is currently doing business in 21 states, with plans under development to originate loans in 45 states by the end of 2011.
Total Mortgage is licensed as both a mortgage lender and mortgage broker in Pennsylvania, and holds Pennsylvania Mortgage Lender License Number 30567.
About Total Mortgage Services
Total Mortgage Services, LLC is an industry leading direct mortgage lender and mortgage broker, with over 25,000 satisfied customers, and having funded over $4 billion in mortgage loans since 1997. Licensed in 21 states, Total Mortgage offers a variety of products and programs including fixed-rate mortgages, FHA loans, jumbo loans, adjustable-rate mortgages (ARMs), and more. Visit TotalMortgage.com for today’s current mortgage rates, and follow Total Mortgage on Facebook and Twitter for daily mortgage news and rates updates.
Lovallo Communications Group