Missouri

Castle & Cooke Mortgage has announced the opening of its newest branch in Escondido, Calif., to be led by industry veteran and San Diego County local Leslie Thomerson, who has 28 years of experience in the mortgage industry
Castle & Cooke Mortgage has opened its first Missouri branch in St. Louis, to be led by industry veteran and St. Louis native Jeff Mikel, who has 26 years of experience in the mortgage industry.
Castle & Cooke Mortgage has opened its first Missouri branch in St. Louis, to be led by industry veteran and St. Louis native Jeff Mikel
“Opening our St. Louis branch is an important milestone for us, as it’s our first location in Missouri and represents our continued growth as a company,” said Castle & Cooke Mortgage President and COO Adam Thorpe. “Much of the success we’ve seen is due to our dedication to hiring highly-skilled employees who share our commitment to customer service. Jeff and his team are perfect examples of that standard of excellence.”
 
Mikel said, “I feel there is an important need in our area for a mortgage company that pays attention to customer service and closing loans in a timely fashion. I want Castle & Cooke Mortgage to be that go-to company that gets the job done correctly and delivers the right service.”

 
New American Funding has expanded in the Midwest region with its latest branch in Naperville, Ill.

New American Funding has announced that it is expanding its Mid-Western territory with a new Missouri location in St. Robert, Mo. This full-service branch will meet the residential mortgage needs of local consumers, and real estate agents who are facilitating home loans in Fort Leonard Wood and surrounding communities of Missouri. The location will offer a variety of products, including purchase and refinance loan options.

To lead this expansion, New American Funding has enlisted the expertise of mortgage industry veteran Kevin Gibbs who will serve as branch manager.

“This is an exciting chapter for New American Funding and I could not be more thrilled to play a role in this new venture,” said Gibbs. “The company genuinely cares about what it is doing, cares about its workforce, and its customers; so I’m extremely blessed to be part of such a decorated, dynamic organization that’s poised to have tremendous success in serving communities throughout Missouri.”

This is the fifth Missouri branch for New American Funding, which also has locations in St. Louis, Lee’s Summit and Nixa.

A new effort to help teachers in St. Louis locate affordable housing involves the transformation of a defunct school building into a housing complex exclusively for teachers.

According to a St. Louis Post-Dispatch report, the city’s Wilkinson School, which closed in 2008, is being transitioned into a 40-unit apartment development that will be marketed primarily to local teachers. This endeavor is being spearheaded by the St. Louis Public Schools (SLPS) system to help the city keep its teachers from moving to suburban districts. Other cities, including San Francisco and Baltimore, have similar programs, and the Teacher Corps has an identical program that provides housing in a former convent to aspiring educators St. Louis’ Catholic schools.

“We’d love to see this as a pilot that could be replicated in not only other SLPS buildings, but maybe other cities and states that are struggling to retain quality teachers,” said Donna Smith, of Smith NMTC Associates LLC, a local company chosen by the SLPS to convert the defunct school. Smith added that it was too early to determine the rental prices for apartments in the former Wilkinson School; rents for a one-bedroom apartment in St. Louis can run for $1,000 or higher in certain parts of the city.

The Wilkinson School is among 22 vacant properties that were recently marketed by the SLPS for conversion into commercial real estate developments. Other former school buildings are being transformed into senior living developments and community centers.

GSF Mortgage Corporation has added Larry Bleich as a mortgage loan originator in St. Charles, Mo.

GSF Mortgage Corporation has added Larry Bleich as a mortgage loan originator in St. Charles, Mo., joining GSF with 15 years of experience in the financial services industry. Prior to becoming a loan officer, he was a real estate agent for new homebuilders. When the housing bubble hit, and most people were pulling out of the industry, he decided to become a fully-licensed mortgage loan originator and continue to help his clients realize their dream of homeownership.

Bleich believes that honesty and clear communication are the utmost importance in this industry. He takes the time to fully educate all of his clients on every facet of a home mortgage process. His goal is to not only match his customer with the best mortgage product based on their financial goals but to also have his clients fully understand the entire homebuying process.

“I am excited to welcome Larry to our team,” said GSF Mortgage Branch Manager Jeremy Greenlee. “He has several years of experience on both sides of purchases and refinances alike, and will help grow our market around the St. Louis area.”

The 2017 Great River MBA Conference will be held May 9-11, 2017 at The Peabody, 149 Union Avenue in Memphis, Tenn. 

The Great River MBA Conference is the place to be in the mortgage industry! 

With the addition of a fourth host state, Missouri, this Conference [formerly known as Tri-State MBA Conference] continues to grow in size and status. In 2016, the Great River MBA Conference sold out weeks prior to the event. Don't be left off the attendee list in 2017!

We offer attendees and sponsors an intense 3-days of inspiring and motivational instruction, with opportunity to network with top experts in the mortgage industry. Come learn how to be industry leaders and gain valuable knowledge today to drive success tomorrow. 

If you want to know what is happening in the Southeast, The Great River MBA Conference is the place to be! 

Click here for more information, call (901) 321.6702, e-mail info@greatrivermba.com or visit greatrivermba.com.

GSF Mortgage has added Branch Manager Brandon Campbell and Mortgage Loan Originator David Campbell to its team in Joplin, Mo.

GSF Mortgage has added Branch Manager Brandon Campbell and Mortgage Loan Originator David Campbell to its team in Joplin, Mo.

They both join GSF with 16 years of mortgage industry experience. Campbell holds a business degree from Missouri Southern State University. Throughout college and beyond, he worked at a local bank and a family friend offered him an opportunity to open up his own office. Campbell joined the business in 2000. He was a real estate agent and eventually transitioned to into the mortgage industry and became a branch manager. In 2012, he moved to Alabama and recently decided to move back to Missouri and re-enter the business.

“I am pleased to welcome Brandon and David Campbell to GSF Mortgage. We all share years of experience in USDA lending and look towards Brandon and David’s expertise to help deliver new, affordable homeownership to those in Joplin, Mo.,” said GSF Mortgage Regional Manager Mike Maida.

Parkside Lending LLC has announced that it is now lending in the state of Missouri

Parkside Lending LLC has announced that it is now lending in the state of Missouri. Parkside has been growing rapidly and with the addition of Missouri, its national expansion has now reached 48 states.

"We are excited to bring Parkside’s ‘power of caring’ to our clients’ borrowers in Missouri,” said Matthew Ostrander, chairman and chief executive officer of Parkside Lending. “We will deliver the same great customer experience that our clients rely on in all the other regions of the country.”

Ostrander co-founded Parkside Lending in 2004. He and his management team successfully navigated the mortgage deterioration of 2007-08, and have since grown the company to become a well-known national wholesale lending platform.

Mid America Logo

Mid America Mortgage Inc. Owner and Chief Executive Officer Jeff Bode has announced the firm has expanded its operations into Missouri, Iowa and Kansas with its newest branch locations in Kansas City, Mo. and Overland Park, Kan.

“Mid America Mortgage is committed to helping consumers throughout the nation to achieve their homeownership goals,” Bode said. “With our Kansas City branch, we have further extended our reach into the Midwest and look forward to providing borrowers in this area with a wide range of home financing products and a superior level of service.”

Mid America Mortgage recently announced its intent to begin originating eMortgages, which was one of many initiatives that attracted technology-driven Midwest Sales Manager Jeffrey Layne to move his mortgage business and join the company.

“I have to consider where to service my personal clients first," said Layne. "As a loan originator, I love Mid America’s wide range of product offerings and its extremely competitive interest rates. In addition, when the loan is closed, there’s a high probability my customer will ultimately make his or her mortgage payment to my company. That is part of creating lifelong relationships."

In addition, Layne said the responsibility he feels to support his team’s growth in building strong, referral-based partnerships also lead him to move his business to Mid America.

“Mid America Mortgage has been a trusted name in the industry since the 1940s, and we are so very pleased to bring our cornerstone brand to the Kansas and Missouri markets,” said Mid America National Production Manager Donna Wright. “It’s a great time to grow with the right people. Jeff Layne is a great example of who we are looking to grow with, and we’re encouraged to find others of the same mindset who appreciate what we offer mortgage professionals.”

Due to state licensing rules in Missouri, the company will do business as Mid America Lending in that state.

Foreclosed Home Pic

While the city of Ferguson, Mo. continues to dominate the news with violent clashes between protesters and the police, there is another news story in Ferguson that is not being viewed with the same level of media scrutiny: An abnormally high number of foreclosures.

According to data released by RealtyTrac, the number of residential properties in Ferguson that were seriously underwater in the second quarter was more than three times higher than the national percentage and more than twice the level for the entire state of Missouri. During the second quarter, 42.9 percent of all Ferguson properties with a mortgage were seriously underwater. In comparison, the national level was 13.3 percent and the Missouri state level was 17.5 percent.

If there is any bright spot, it would be that some progress was made in Ferguson’s foreclosure picture over the past 12 months: 50 percent of all properties with a mortgage in Ferguson were seriously underwater as of the second quarter in 2014. And in the second quarter of this year, 7.5 percent of all Ferguson-based mortgages were equity rich, which is up one percentage point from the previous year, but far below the 19.6 percent national level and 13.1 percent Missouri level.

St. Louis Skyline Pic

GSF Mortgage has added Missy Palitzsch as marketing manager in the company's St. Louis branch. Palitzsch joins GSF with 14 years of industry experience and has previously held a real estate license. She has experience as a regional marketing manager where she managed several teams, created business plans and developed and taught title classes. Palitzsch is involved with numerous organizations, including St. Charles County Association of Realtors (SCCAR), St. Louis Association of Realtors (SLAR), St. Louis MBA, Greater St. Charles County Chamber of Commerce and Rotary Club of St. Charles.

“I believe in being involved in the communities where we are doing business. Our job is to support and lead our industry though education and participation in the real estate and mortgage industry,” said Palitzsch.

"We are pleased to have Missy onboard with GSF Mortgage. It’s an exciting time for the St. Louis housing market and Missy's in-depth understanding of our industry is outstanding. Her connections throughout the metro area are extensive and well-earned and we look forward to her long-term success with GSF," said GSF Director of Marketing Leah Marsh.