McLean Mortgage Corporation has announced that the company closed more than $1.5 billion in mortgage volume in 2012, an increase of over 140 percent compared to the production levels achieved in 2011. This improvement in production performance far exceeded the industry average increase of 40 percent during the past year.
Nathan Burch, president of McLean Mortgage Corporation, remarked that the company was able to outperform the industry average by expanding the McLean’s sales force and by providing superior service levels throughout the refinance boom of 2012—especially with regard to purchase loans.
“While much of the industry focused upon refinances which ran at over 70 percent of total industry volume for the year, McLean Mortgage Corporation was able to average more than 40 percent purchase volume in 2012," Said Burch. "Our ability to hold underwriting turnaround times for purchase transactions to an average of 48 hours throughout 2012 was a key contributor to this success.”
Pat Peavley, CEO of McLean Mortgage Corporation, noted that McLean continued to add staff as the company’s sales force expanded by 25 percent from 2011. That expansion will continue in 2013 as McLean is slated to open their first office in Maryland during the first quarter of the year.
“We already have demand coming from the State of Maryland as our reputation for delivering great service has spread throughout the entire Washington Region,” said Peavley.