McLean Mortgage Corporation Breaks Production Records
McLean Mortgage Corporation announced today that the company closed $1.84 billion in mortgage production in 2016, approximately 25% higher than the production volume closed in 2015 and more than 20% higher than their previous production record achieved in 2013. By way of comparison, the Mortgage Bankers Association has estimated that nationwide, residential loan volume increased approximately 13% in 2016 from the previous year.
Pat Peavley, CEO of McLean Mortgage Corporation, remarked that the Company was able to outperform the industry average because of the contributions of offices opened in the mid-Atlantic region within the past few years – including Frederick, Maryland and Washington, DC. “I am especially proud of the fact that our purchase volumes continue to substantially exceed industry averages,” indicated Peavley. The MBA has indicated that purchase volumes averaged approximately 52% nationally in 2016. Meanwhile, McLean Mortgage’s purchase volume averaged 67%, which is 30% higher than the national average.
James Nader, COO of McLean, also noted that the company’s growth has taken placed organically, without acquisitions or mergers. “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,” Nader said, “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 the 10th Best Company to Work For by Mortgage Executive Magazine and 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 9th largest lender in the Washington, DC metropolitan area by the Washington Business Journal and the 66th largest lender in the nation by the Scotsman Guide for 2015.
McLean Mortgage Corporation is a privately held full-service mortgage lender based in Fairfax, Virginia with branch offices in Virginia, Maryland, North Carolina and the District of Columbia. McLean Mortgage is dedicated to delivering first-in-class customer service to each client . The company is focused upon continuing their expansion footprint throughout the Mid-Atlantic Region and is interviewing branch managers and loan officers who share our ideals and goals.