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22
JUL
2016

McLean Mortgage Corporation Closes Record Production

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McLean Mortgage Corporation News Release

McLean Mortgage Corporation today announced that the company closed $507 million in mortgage volume during the second quarter of the year.  This represented an increase of over 50% compared to the production levels achieved in the first quarter of this year and an increase of 17% over the busy second quarter of 2015.

“This quarter’s production represented record results for our company as we exceeded the peak production quarter of the refinance boom of 2013.  And while the mix of production has evolved since 2013, our production has continued to out-pace the industry average with regard to purchase volume every year, including  averaging over 75% purchases thus far this year,” said President Nathan Burch. “Many of our new branches have contributed to this performance with regard to purchase production, including Fredericksburg in Virginia; Frederick, Maryland; and Washington, DC.” Burch added.

As a comparison to national performance, The Mortgage Bankers Association forecasts a growth in production of less than 50%, as compared to the first quarter, with  purchases representing less than 55% of the industry’s total volume.

McLean Mortgage Corporation has been named the 10th Best Company to Work For by Mortgage Executive Magazine and a Top Mortgage Employer by National Mortgage Professional Magazine.  In 2014 McLean was also named an Inc 500/5000 company for its growth record during the previous three years.  In addition, the company was cited as the 9th largest lender in the Washington, DC metropolitan area by the Washington Business Journal and the 66th largest lender in the nation by the Scotsman Guide for 2015.

McLean Mortgage Corporation is a privately held full-service mortgage lender based in Fairfax, Virginia with branch offices in Virginia, Maryland, North Carolina and the District of Columbia. McLean Mortgage is dedicated to delivering first-in-class customer service to each client. The company is focused upon continuing their expansion footprint throughout the Mid-Atlantic Region and is interviewing branch managers and loan officers who share our ideals and goals. Website www.WhyMcLeanMortgage.com