Following what they termed their most successful year since being founded in 2005, American Advisors Group (AAG) has relocated their corporate headquarters from Irvine, California to new facilities in the nearby city of Orange.
AAG took up residence in the new 22,000 square foot office over the weekend, which is intended to house the sales and operational support necessary to accommodate anticipated volume growth. They expect the new facility to be able to house over 100 loan officers.
"I look towards 2011 with a great sense of optimism," Reza Jahangiri, CEO stated. "We intend AAG to secure its position as one of the top private reverse mortgage originators in the industry."
In a year where the reverse mortgage industry suffered production declines estimated by Reverse Market Insight at 35%, AAG stated that the year produced their highest volume of loans in a 12 month period, an increase of 55% over 2009.
"We are growing at a rapid rate," Jahangiri said, "due to our high level of customer satisfaction, our systemized sales and operational flow, as well as the dedication of our staff."
Additionally, AAG attributed growth to the success of their new marketing campaign featuring former Senator Fred Thompson. Jahangiri believes that his involvement has increased awareness of the reverse mortgage product, while also elevating the company's credibility in the marketplace.
Congratulating the company on their growth, Senator Thompson said, "My partnership with AAG has certainly increased my understanding of reverse mortgages and the ways they have helped many thousands of seniors across the United States."