McLean Mortgage Breaks Production Records – NMP Skip to main content

McLean Mortgage Breaks Production Records
Jan 23, 2017

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.

Jan 23, 2017
loanDepot And mellohome's 'Grand Slam' Experience Builds Momentum

After recently launching Grand Slam, a new buying experience, loadDepot and its sister company, mellohome, has seen more than 1,400 accepted customer offers.

Industry News
Dec 08, 2021
SoCal VA Homes Stresses Importance Of New VA Loan Limits

SoCal VA Homes, a company that works exclusively with active military and Veteran homebuyers, expressed how important the Federal Housing Finance Agency's new conforming loan limit is to the demographic.

Military Lending
Dec 08, 2021
OpenClose Launches Mobile Assist

OpenClose, a fintech provider of mortgage software solutions for banks, credit unions, and mortgage lenders launched its native mobile app platform, Mobile Assist.

Dec 07, 2021
Deephaven Heightens Foreign National DSCR Program

Deephaven is amping up its Foreign National DSCR Program as a response to the increase in the real estate investment market.

Dec 07, 2021
Revolution Mortgage Opens Second Mortgage Branch In Cincinnati

Columbus, OH-based Revolution Mortgage announced the opening of its second branch in Cincinnati and 14th branch in Ohio.

Industry News
Dec 06, 2021
Nations Lending Teams Up With NBA Legend Dennis Rodman On Integrated Brand Campaign

Nations Lending, a full-service national mortgage lender, announced the launch of its first integrated brand campaign starring NBA Champion and All-Star Dennis Rodman.

Sales and Marketing
Dec 06, 2021