Lend America relocates HQ to larger facilityMortgagePress.comLend America, headquarters, FHA loans
Lend America, one of the nation's largest direct-to-consumer FHA
lenders, has announced that in order to accommodate its rapid
growth, the company has moved its headquarters to a new 60,000-sq.
ft. facility in Melville, N.Y. A substantial expansion over its
former space, Lend America's new headquarters is situated in the
former American Home Mortgage office building. located at 520
Broadhollow Road. "Over 28 months ago, Lend America adjusted its
business model to originating primarily FHA loans. The success of
that strategy has been validated by the company's tremendous growth
we closed last year with record originations and this trend
continues through the first-half of 2008, with production volumes
increasing over 250 percent," commented Michael Ashley, chief
business strategist at Lend America. "Our new headquarters is built
to reflect Lend America's dynamic culture of integrity, education
and insight, while further enhancing the synergies within our
centralized marketing, service and production platforms. The site
also provides our Long Island-based employees the resources
essential to better serve our customers throughout the
country."
Lend America has hired over 100 new employees in 2008, and due
to the strong demand for FHA loans, the hiring trend is not
expected to slowdown anytime soon. Many of these professionals were
experienced loan officers that Lend America has trained in FHA
lending regulations. The company, which operates its centralized
originations and marketing platforms in Melville, N.Y., is now
licensed to do business in 36 states, including recent approvals in
Arizona, Delaware and Vermont and anticipates being approved to
originate in 10 additional states within 120 days.
Wayne Horsley, Suffolk County Legislator said, "Amid a mortgage
lending crisis and a struggling economy, Lend America has become a
key Suffolk County employer, and the expansions of its operations
in Melville is a win-win situation for both the Company and the
County. Lend America will continue to leverage Long Island's
well-educated, diverse workforce as they further grow their
business, while Suffolk County can count on one of the nations
leading FHA lenders to be an integral part of our local
economy."
For more information, visit www.lendamerica.com.
