Churchill Mortgage, which provides conventional, FHA, VA and USDA residential mortgages across 46 states, announced its expansion across the state of Florida, led by Jim McQuaig, senior vice president, and Cory Alexander, Florida market director of Churchill Mortgage.
Based in Nashville, Tennessee, Churchill Mortgage
has seen record growth this year with volume increasing by 116% for January through June of this year compared to last year. To keep pace with the substantial increase in volume, the company has grown its workforce by 187 employees and 24 new branches in 2020. This growth has brought Churchill Mortgage to further expand into Florida.
Florida’s housing market has seen an uptick as mortgage rates reach a record low. According to Chief Economist Brad O'Connor of the Florida Association of Realtors, new pending sales of single-family homes were up 23.2% statewide year-over-year. The top Florida markets for the Churchill team are Jacksonville, Orlando and Tampa.
Alexander has been in the mortgage industry for nearly two decades with experience ranging from originating in bank branch models to full retail with direct lenders. For the last seven years, Alexander has focused on growing strategic markets in the Southeast United States with various companies such as JP Morgan Chase, Atlantic Bay Mortgage Group, New Penn Financial, and Equity Resources. In March 2020, Alexander joined Churchill Mortgage as the Florida market director and has been recruiting to grow the team so that clients can be supported in untapped residential lending markets.