The McLean Mortgage Corp. said it exceeded $1 billion in mortgage closings through the end of September. MMC also projects that it will reach a production level of just under $1.5 billion for 2012.
Nathan Burch, president of MMC, said he was excited by the growth levels of the company and how well MMC has been received in the Virginia, D.C., and North Carolina markets.
“For a company which is in its fourth year of production to reach this level of volume is very rare,” Burch said. “We have grown to become one of the top 100 mortgage companies in America — as designated by Mortgage Executive Magazine — while many others have struggled to keep up with changes in the industry. This has happened because we have put systems in place designed to provide first-in-class service to our clients.”
Pat Peavley, CEO of MMC also added, “We are particularly proud that McLean Mortgage Corp. has achieved this growth while keeping our average time from application to closing at about 50% of the average reported by the Mortgage Bankers Association of America for August of 2012.”