MADISON, Wis., Aug. 3, 2016 /PRNewswire/ -- Fairway Independent Mortgage Corporation, one of the nation's largest mortgage companies, is very pleased to announce that it has launched a new valuable benefit to its employees, an Employee Stock Ownership Plan (ESOP). With their new ESOP in place, Fairway is becoming employee-owned.
"This has been a goal of ours for many years," according to CEO Steve Jacobson. "We are humbled and grateful to have this opportunity."
Fairway is a full-service mortgage lender that provides a wide range of residential mortgage loans, including conventional loans, VA loans, FHA loans, reverse mortgages, refinances and more. The company was ranked as one of the Top 15 Mortgage Companies in America based on retail volume by Mortgage Executive Magazine in 2015. Fairway has built its reputation on providing a high level of customer support and service to their clients. The establishment of the ESOP lets Fairway employees expand upon that, allowing each employee to take true ownership of their position in the company. When a client contacts Fairway for a loan or has a question on the servicing of their loan, they will now be truly speaking to an owner.
According to COO Len Krupinski, the ESOP "allows Fairway to leverage its position in the marketplace, as research shows that corporations that are employee-owned are often more successful over the long term and are able to grow more rapidly as a result. We are very pleased to be able to offer this to our employees and add to their retirement portfolios, which already include an optional 401(k) program."
About Fairway Independent Mortgage Corporation
Founded in 1996 by Steve Jacobson, and named by a childhood best friend, colleague and forever member of the Fairway family, Randy Cross, Fairway Independent Mortgage Corporation is a mortgage lender headquartered in Madison, Wisconsin and Carrollton, Texas. The company has more than 250 locations and over 3,800 employees nationwide. At Fairway, customer service is a way of life; speed of response is one of our core values. We aim to be a trusted advisor, providing our clients highly personalized service. We help them through every step of the loan process. We strive to exceed expectations, guarantee satisfaction and earn trust. For more information, please visit our website at www.FairwayIndependentMC.com.
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SOURCE Fairway Independent Mortgage Corporation