McLean Mortgage Breaks Production Records

McLean Mortgage Corporation has announced that the company has closed $1.84 billion in mortgage production in 2016, approximately 25 percent higher than the production volume closed in 2015 and more than 20 percent higher than their previous production record achieved in 2013. By way of comparison, the Mortgage Bankers Association (MBA) has estimated that nationwide, residential loan volume increased approximately 13 percent in 2016 from the previous year.

“I am especially proud of the fact that our purchase volumes continue to substantially exceed industry averages,” said Pat Peavley, CEO of McLean Mortgage Corporation.

The MBA has indicated that purchase volumes averaged approximately 52 percent nationally in 2016. Meanwhile, McLean Mortgage’s purchase volume averaged 67 percent, 30% higher than the national average.

“We have been able to attract quality loan officers by referral because of our reputation for operational, technological and marketing support of our sales staff,” said James Nader, COO of McLean Mortgage. “Our goal is not to be the biggest, but to be the highest quality mortgage organization in the mid-Atlantic.”

McLean Mortgage Corporation has been named a Top Mortgage Employer by National Mortgage Professional Magazine. In 2014, McLean was also named an Inc. 500/5000 company for its growth record during the previous three years. In addition, the company was cited as the ninth largest lender in the Washington, D.C. metropolitan area by The Washington Business Journal.