Despite a down market and struggling economy, Inlanta Mortgage is finding 2009 to be a very good year, the company announced recently. Inlanta, a mortgage banker since 1993, opened 10 new branch offices this year – including Annandale, Minn.; Indianapolis; Carmel, Ind.; Waterloo, Iowa; Baxter, Minn.; Sterling Heights, Mich.; Cedar Springs, Mich.; Sarasota, Fla.; Brookfield, Wis. and Milwaukee, Wis.
“Because we have always operated conservatively and avoided unnecessary risk, we’re now in the position of having the financial resources necessary to expand,” said Jean Badciong, chief operating officer at Inlanta Mortgage. “Plus, we have an A+ Better Business Rating. For buyers and originators alike, this level of stability is the reassurance they need that their loan(s) will be approved within a reasonable time frame.”
Growth is an integral part of the company’s long-term plan; the next step involves expansion in Arizona with Kentucky, Kansas and Nebraska in the future. The company’s goal is to open a minimum of two new offices a month in 2010. “With the right people, we’re open to other states, as well,” Badciong said. “We set our sights on honest, ethical loan originators and go from there.”
Six months into 2009, Inlanta surpassed its 2008 loan origination volume. To meet the demands of continued growth, the company added in-house underwriting in February 2009 and, by July, had tripled the department’s size due to a surge of refinancings and home purchases.
“Our commitment to maintaining reasonable turn times was one of the major reasons we decided to add additional underwriting staff,” commented Badciong. “People trust that we will deliver on our promises – and we want to make sure we are always in a position to do that.”
For more information, visit www.inlanta.com.