Value Financial Mortgage Services reported that its profits improved by $76,000 in the first quarter of 2009. The company saw its sales increase almost 10% to $600,000 and marks Value’s 4th consecutive profitable quarter said a company statement.
Nelson A. Locke, Value’s CEO said "Every now and then you read something that makes you appreciate the really great job your team is doing. Recently there has been press about other companies struggling in this environment. That gave us pause to realize that a ‘Thank You’ was in order for our own team.”
Locke added, “People ask us how we manage to keep growing in this difficult economic climate. While the work is hard, the answer is simple. Focus on core competencies, control expenses, and invest every extra dollar in your sales team and technology."
Value Financial has almost 100 reverse mortgage specialists that are supported by its Operations center in Miami, FL. It’s back office support includes 3 DE underwriters and a processing/closing staff of 12. The company has endorsed 245 HECMs YTD according to HUD’s endorsement reports.