ROCKVILLE, Md., May 6, 2016 /PRNewswire/ -- Two loan officers with Capital Bank, N.A., Brian Blonder and Bradley Cohen, are ranked in the Top 10 and Top 100, respectively, of residential mortgage loan originators in the nation for 2015.
The annual rankings from top industry resource Scotsman Guide (Special Report, April 2016) show that Blonder ranked Number One in America for the largest volume of VA loans in 2015 (loans backed by the U.S. Department of Veterans Affairs that help veterans and their families purchase homes). For the second year in a row, he ranked in the Top 10 mortgage brokers and bankers across categories: #3 for Top Dollar Volume of mortgage refinance loans, #4 for Most Residential Loans Closed and #7 in Top Overall Dollar Volume. Bradley Cohen ranked 92 in Top Dollar Volume for 2015.
The men were ranked among entries from more than 2,400 mortgage professionals across the country. To be eligible in Scotsman Guide's Top rankings, originators must have had at least $40 million in loan volume or 100 closed home loans for the 2015 calendar year. Scotsman Guide also required written verification of top entrants' volume data from a certified source.
In approximately the same timeframe, the two men were recognized for their achievements in yet another industry publication, Mortgage Executive Magazine (Winter 2016 edition). Blonder was ranked sixth among the Top 200 Mortgage Loan Originators in America 2015, with Cohen ranked 69.
"We're proud to offer such a wealth of experience to our customers," said Filip G. Feller, CFO, Capital Bank. "Our team takes the pain out of the process, turning a seemingly overwhelming experience in to something simpler, easier to achieve." This is the second year in a row that Brian has ranked in the Top 10 among mortgage loan originators in the nation.
Capital Bank, headquartered in Maryland, has experienced consistent mortgage loan volume over the past five years. The top-ranked loan originators are a boon to mortgage shoppers, offering familiarity with a full range of mortgage loan products and the experience to take customers – and lead the loan team – seamlessly through loan evaluation and processing.
For 2016, the Mortgage Bankers Association forecasts a lower loan-origination volume than in 2015 due to the anticipation of rising interest rates – though a solid home-purchase market is projected thanks in part to employment growth. For the Washington, DC metropolitan area economy, a report prepared for Capital Bank by regional economist Stephen S. Fuller, PhD notes significant job growth across area business sectors at the beginning of 2016. Forecasts have that job growth continuing, resulting in incomes that will increase demand for housing in the DC metro region this year.
About Capital Bank
Capital Bank, N.A., is a leading private commercial bank in the Washington, D.C. metropolitan area that offers a range of services encompassing cash management, commercial lending, consumer credit and residential mortgage/Veterans Administration home loans. With double-digit asset growth over the past three years, Capital Bank has more than $770 million in assets and is well positioned to fulfill its culture of collaborative partnerships and solutions for area businesses and consumers nationwide. For more information, visit https://capitalbankmd.com
Member FDIC. An Equal Housing Lender.
CAPITAL BANK, PARTNERS IN YOUR VISION
3014688848 ext. 1272
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SOURCE Capital Bank N.A.