ORANGE, CA (PRWEB) May 23, 2012
International City Mortgage (ICM) today announced that it is celebrating its 25th anniversary as a residential mortgage lender.
Founded in 1987 by Owner and President Kirk Hankla, International City Mortgage began its long lending history as a mortgage broker. The company funded its first loan as a mortgage banker in 2001 and has been a mortgage banker ever since. Its approval as a Fannie Mae Seller/Servicer in 2011 and the subsequent launch of its first service retained home loan product this year have taken the company into the next stage of its evolution.
“When we started this company we decided to do good things and do them well. And that’s what we’ve done,” said Hankla when he addressed employees, realtor colleagues and other guests during ICM’s recent anniversary celebration at the beautiful Orange Hill Restaurant. “We’ve been in business 25 years. Very few companies can say that. With the volatility of our industry, I certainly never thought we would outlast some of the large Wall Street firms,” continued Hankla. “I want to thank all our employees and our realtor partners for helping us get here. 75% of our loans are purchases, and that’s why we’ve survived. The only sustainable and reliable source of business is purchase business, and this company is very good at it.”
Once a single-location entity in Long Beach, CA, today International City Mortgage has a corporate office in Orange, CA and 21 retail branch locations, including offices in Nevada and Illinois. ICM continues to follow a plan of slow, sustained growth. “We are financially stable, and we have a smart growth plan. Our management team is committed to continuing to build the company’s balance sheet, so that we will always be in a position to take advantage of growth opportunities,” said Hankla.
VP of Production Cory Hjelmeir appreciates how far ICM has come. “When I started with ICM in July of 2010, our office was in Anaheim Hills. Many of us had to work out of the conference room until we moved into larger quarters four months later,” said Hjelmeir. “It got pretty cozy in there for a while, but we made it work, and look where we are now. We had nearly 40% year-over-year loan production growth in 2011 and expect this trend to continue. Because we’re in a service industry we are committed to providing our people the tools and support they need to do their best work. It feels amazing to be part of a company with a rich 25 year heritage.”
“We were founded on the principles of responsible lending, competitive rates, and exceptional service,” said Farrell Facey, ICM’s CEO and 14 year company veteran. “These principles continue to guide us so that we are poised and positioned for sustained growth and prosperity.”
International City Mortgage offers a wide range of financial solutions for homebuyers and homeowners, including the top Conventional, FHA, VA, USDA, Jumbo and Bond products available within the industry today. Loans made or arranged pursuant to California Department of Corporations Residential Mortgage Lenders License #4130570, NMLS-DOC: 222730, HUD Mortgagee #7906300005, Illinois Residential Mortgage License #MB.6760856, and Nevada Mortgage Banker License #3795. ICM’s business services and products do not originate from HUD, FHA, the Government of the United States, or any Federal, State or local government agency. For more information, please visit the Company website at http://www.icitymortgage.com.