Total Mortgage Services continues national expansion by entering Pennsylvania market

Total Mortgage Services continues national expansion by entering Pennsylvania market

May 10, 2010

Total Mortgage Services LLC has announced that it received its state of Pennsylvania Mortgage Lender License from the Pennsylvania Department of Banking and can now originate residential mortgage loans throughout Pennsylvania. “Total Mortgage is very excited about opening for business in Pennsylvania and we look forward to working with high quality borrowers throughout the state,” says John Walsh, president and founder of Total Mortgage. “We offer significant value to our clients every day by combining low rates and great service. In addition, we have a team of very experienced and knowledgeable loan officers, traits that are required in this rapidly-evolving lending environment.”
Total Mortgage is offering some of the lowest current mortgage rates in Pennsylvania on jumbo loans, FHA-insured mortgages, 30-year fixed rate mortgages, and adjustable-rate mortgages. At a time when other mortgage lenders are struggling to stay in business, Total Mortgage is coming off one of the most successful years in its history. Despite the a decline in originations in the overall U.S. marketplace, Total Mortgage is projecting 2010 origination volume to increase to over $1 billion, compared to about $700 million in 2009.
“Our customer-centric philosophy of low rates and responsible lending is being very well received in the marketplace,” said John Walsh. “While so many in our industry focused on low-quality mortgage loans, we maintained sound underwriting standards and continued to loan only to those with the ability to make their mortgage payments.”
By utilizing in-house underwriting, processing and the newest technologies, Total Mortgage is able to cut costs on mortgages and pass the savings along to borrowers. Total Mortgage is currently doing business in 21 states, with plans under development to originate loans in 45 states by the end of 2011.
Total Mortgage is licensed as both a mortgage lender and mortgage broker in Pennsylvania, and holds Pennsylvania Mortgage Lender License Number 30567.
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Originations, Residential, Marketing