As a result of implementing its national retail growth strategy, MiMutual Mortgage has reported that its national retail volume has increased 100 percent during the first five months of 2016 compared to previous average levels.
“This is an exciting time in the mortgage industry because we have the opportunity to significantly improve the way consumers experience the home purchase process while providing them with the best loan options that fit their specific situation,” said Daniel Jacobs, executive vice president and managing director of MiMutual Mortgage. “As a 24-year-old, agency-direct lender, we have the flexibility to offer more loan products ranging from jumbo and non-QM to 203K rehab and USDA Rural Development, empowering us to meet individual consumers’ unique needs.”
MiMutual’s total retail volume doubled in May 2016 compared to the levels of last year during the same period. Jacobs said he expects retail volume to grow by as much again within the next year.
“We will accomplish this through strategic efforts that include new branch openings and ongoing development of existing branches,” Jacobs said.
The company increased its national retail expansion efforts during the last year, hiring several industry veterans as executives to lead the growth.
“We believe the market has adequate opportunity to maintain the company’s core values and sustain meaningful growth with like-minded industry professionals nationwide,” Jacobs said.