Total Closed Funds Jump During Tough Year for Home Sales

TARRYTOWN, N.Y., Feb. 23, 2012 /PRNewswire/ -- Mortgage Master, Inc., one of the nation's largest independently owned mortgage companies originating $5.3 billion in loans annually, today announced its Tarrytown office has yet again increased annual total closed funds. From 2010 to 2011, the total closed funds grew from $264,250,460.00 to $265,818,685.00 - a 6% increase.

Loan Officers Peter Costakos, Christian Babcock, and Matt Reid led the team by closing 97 units for $42,013,315.00, 125 units for $38,288,889.00, and 71 units for $22,953,422.00 respectively.  Last year, Peter and Christian's positions were reversed, noted Mortgage Master CEO Leif Thomsen.

"Peter and Christian's friendly rivalry exemplifies the passion our employees have to help their communities create homes," said Thomsen.  "They really get fired up.  If we could bottle that spirit, we'd share it with our entire company."

Based in Walpole, MA, Mortgage Master experiences strong demand as the cost of borrowing hits record lows and jobless claims continue to decrease. The Company employs more than 500 employees nationwide, with approximately 250 loan experts providing loans and services in 22 states.

"At Mortgage Master, we believe that finding the client's comfort level is of the utmost importance," said Mortgage Master Tarrytown Branch Manager Donna Attili.  "Our team continues to be successful because of our commitment to working with the client and not letting a mortgage negatively change their way of life.  As we improve the lives of our clients, our successes continue to grow."

The Mortgage Master Tarrytown Branch office is located at 520 White Plains Road, Suite 100, Tarrytown, NY, 10591.

About Mortgage Master

Mortgage Master, Inc. (www.mortgagemasterinc.com) is a Massachusetts Company founded in 1988 by Mr. Leif Thomsen. Since then, the company has grown to become the largest volume lender of mortgages in Massachusetts. Mortgage Master is the country's largest independently owned mortgage company, consistently lending over $5.3 billion each year. Mortgage Master employs more than 500 employees nationwide, with approximately 250 loan experts providing loans and services in approximately 22 states.

The corporate headquarters is located in Walpole, MA, with satellite offices in California, Connecticut, New Hampshire, New Jersey, New York, Pennsylvania, Maryland, and Rhode Island. Mortgage Master employs more of the top 200 loan officers in dollar volume than any other lender in the U.S.

SOURCE Mortgage Master

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