LOS ANGELES, Feb. 9, 2011 /PRNewswire/ -- Michael McDevitt of Fidelity Commercial Capital is one of America's Premier Experts and a leading commercial loan modification specialist. He was recently featured on CNBC discussing the different divisions of Fidelity and their ideal client that can expect and showcase extraordinary outcomes. The interview gives an exclusive insider interview with Mr. Michael McDevitt and uncovers where the money is in 2011, the boom of lender litigation and commercial loss mitigation along with the inception of Commercial Debt Restructuring. Mike McDevitt's expertise is showcased in his interview and is dedicated to spreading knowledge and awareness in his field of expertise and making significant contributions to their respective industries and the marketplace as a whole.
The idea of the interview was initiated by previous interviews with America's Experts which honors an exclusive group of forward-thinking business owners, entrepreneurs, professional speakers, authors and corporate CEOs who are pioneers in their market that will share their secrets of success with the audience.
Michael McDevitt and business partners have originated new ideas and reports for clients who wish to receive loan modifications. These reports unveil inside banking guidelines that banks and lenders do not disclose to the consumers applying for these services.
Mr. McDevitt has a philosophy of "partnering" with his clients every step of the way from the initial meeting through the funding process to ensure a clear understanding of his client's financial goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing process while constantly monitoring alternative strategies until the deal is fully approved and funded. McDevitt has participated with other selected celebrity experts across various industries in multiple initiatives over the past year and will be weighing in on key subjects to consumers and businesses alike.
Mr. McDevitt was interviewed about the current loan modification boom and the perks it has to offer compared to traditional financing. "Very simply put - a loan modification is a renegotiation of the terms of your mortgage through your existing bank to modify the rate and terms of your mortgage, without the need to refinance," explained McDevitt.
The hosts also discussed with McDevitt, who can take advantage of loan modifications, as well as any restrictions or federal guidelines involved. An in-depth conversation by McDevitt enlightened the general listener with an immeasurable amount of knowledge about residential and commercial loan modification options.
"There are millions of responsible individuals out there that make their monthly payments, and they fulfill their obligations, but they've seen property values fall and are unable to refinance at lower mortgage rates," remarked Mr. McDevitt. "These people are going to be in a tight situation unless they do something quickly – and that's where we come in to play," McDevitt continued. Mr. McDevitt has guided his companies to focus primarily on commercial loan modification.
Each episode of "The Next Big Thing™" showcases a different expert who has been chosen to share insights from their business and personal experiences. The individuals that will be showcased are forward-thinking business owners, entrepreneurs, professional speakers, authors and corporate CEOs who are pioneers in their market that will share their secrets of success with the audience.
For more information about Michael McDevitt, please visit http://www.Fidelity-Commercial.com.
About Michael McDevitt:
Michael McDevitt is a senior corporate executive who has built his reputation by applying his management and creative skills to a variety of successful business ventures.
Michael McDevitt began his career in the Real Estate Finance Industry at the age of seventeen. He worked late nights at Countrywide Financial where he found his passion for helping people and introduction to the world of real estate finance. He continued as a top employee at Countrywide throughout college until the age of twenty-one. During his career at Countrywide, Mr. McDevitt was promoted many times in just four years and became one of the youngest executives Countrywide has seen. He felt compelled to expand his quest for knowledge in this industry and decided to leave; however, he took his time at Countrywide as an invaluable experience as it set a solid foundation in his career. This foundation was made up of skills that he cultivated in every facet of the industry from A-Paper and Sub-prime Mortgage Servicing to Portfolio Retention to Correspondent Lending.
Mr. McDevitt then went on to become an Account Executive for a Direct Mortgage Lender and quickly became a top producer in the highly competitive field within 6 months. Again, feeling trapped in the wholesale industry, he moved to Beverly Hills, CA and decided to pursue a more challenging and lucrative position within the trade. Having experience in Correspondent Lending and now Wholesale Mortgage Servicing, Mr. McDevitt then began his career in the Retail Aspect of Mortgage Banking as a Sr. Loan Officer and was personally trained by the top Originators in the entire Country. He found this experience invaluable and was reaping the benefits of hard work and the rewarding real estate finance business.
In 2005, at the age of twenty-three, Mr. McDevitt co-founded A&M Capital Funding Inc. and for two years managed a boutique multi-million dollar brokerage comprised solely of top producers within the real estate field – while the youngest executive in the firm. Since then, he owned other successful businesses and has thrived as a young entrepreneur. Mr. McDevitt's main focus is now Fidelity Commercial Capital, a full service Financial Firm that specializes in residential, commercial, and hard money loans along with Loss Mitigation Services, Mortgage Violation Audits, Mortgage Securitization Audits, Secure Audit Reports, Debt Settlement, Nationwide Bankruptcy Services, Commercial Loss Mitigation and Mortgage / Lender Litigation.
Michael McDevitt has also accomplished raising millions for many diverse real estate developments, and has quietly cemented his reputation as one of the major players in the industry. Residential or commercial, no matter how complicated the terms, Mr. McDevitt has the experience and resources to find the best possible deal. Unlike many in the field, he hasn't always been one to toot his own horn, relying instead on strong word-of-mouth from satisfied clients. Michael is a best-selling author (Shift Happens & Power Principles for Success) who is regularly sought out by the media to give expert opinions. He has been featured on NBC, CNBC, CBS, ABC, and FOX affiliates as well as seen in USA Today, Yahoo Finance, Newsweek, The Wall Street Journal, Bloomberg, and numerous Business Journals.
SOURCE Fidelity Commercial Capital