Virginia Beach VA (PRWEB) February 05, 2013
Atlantic Bay Mortgage Group, one of the largest privately owned reverse mortgage lenders in Virginia, has been ranked #34 among the nation’s top Reverse Mortgage Companies by Reverse Market Insight, Inc for the year 2012. Atlantic Bay saw a 200% increase in HECM (home equity conversion mortgages) reverse mortgage loans when compared to its 2011 loan originations.
“It’s great to be recognized as an industry leader within the HECM community,” said Brian Holland, President. “We realize that increasing our market position in this community also brings a great deal of responsibility. As many large lenders are exiting this space, we understand the dire need to have a program like this available to seniors in our community.”
According to Holland, the increase in loan originations is attributed to its dedication to providing the best customer service in the industry. Seniors are consistently recognizing Atlantic Bay as a lender that treats them with honesty and care. Prior to originating reverse mortgages, Atlantic Bay has always had a strong commitment to the senior community by developing a gift-giving program to the elderly in need during the holidays. Offering reverse mortgages seemed a natural progression to its already booming forward loan origination channels.
"Atlantic Bay's decision to create a dedicated sales channel for Reverse is a testimony to our level of commitment in this space,” says Craig Minton, Regional Vice President of the Reverse Mortgage Division. “Our reverse mortgage bankers are seasoned professionals that are 'subject matter experts' with respect to the HECM program and as a result, are able to deliver a customer experience that is second to none. “
About Atlantic Bay:
Atlantic Bay is a Fannie Mae Direct Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA lender that provides residential mortgages in 8 states. Atlantic Bay Mortgage Group LLC has a history of excellence and community involvement since President Brian Holland co-founded the organization in 1996. Many home loan programs are offered including: government-insured FHA loans, government-insured VA loans for active-duty, retired and former military members, conventional home loans, rural housing loans, jumbo home loans, FHA 203K rehab loans, and reverse mortgages.
Atlantic Bay has been recognized as a Top 100 Mortgage Company in America, Best Mortgage Company, Most Enjoyable Place to Work, Best Reverse Company, Inc. 500 Fastest Growing Company, a Virginia Fantastic 50 company, and a Roaring 20s company.
To date, Atlantic Bay has helped over 50,000 homeowners and has funded $10 billion in home loans. Atlantic Bay is actively seeking mortgage bankers and operations staff to join our expanding network across the Southeast. Atlantic Bay Mortgage Group is licensed by the Virginia State Corporation Commission MC-936. Atlantic Bay is an equal housing lender and equal opportunity employer, nmls #72043