New American Funding Opens New Retail Branch and Midwest Operations Center in St. Louis, MO

Tremendous Market Growth is Catalyst behind Launching New Location

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Aug 08, 2017, 09:03 ET

TUSTIN, Calif., Aug. 8, 2017 /PRNewswire/ -- New American Funding, a leader in the mortgage industry, has expanded its Midwest territory to include a new location in St. Louis, MO, that will function as a retail branch and regional operations center. The location will celebrate with a grand opening on Thursday, August 10, 2017 at 6:00 P.M. CST.

Tremendous market growth prompted the mortgage lender to open the new full-service branch, which is located at 12312 Olive Blvd. Suite 240 in St. Louis. Since 2014, the region has grown from generating $42 million dollars in loan volume to a projected $400 million dollars by the end of this year. Senior Regional Vice President, Hamid Hamrah, oversees the branch and has been a driving force behind the market's expansion.

"When people see our welcoming environment, they want to join our team; so we're extremely excited for our incredible growth and this prime new location," said Hamrah. "Build the right culture and the right people will come."

Hamrah has established a regional team of more than 100 mortgage professionals and plans to continue expanding by growing operations, increasing local sales, and forming strategic partnerships with real estate agents to bring educational resources and workshops to the community. The branch will offer a variety of products from conventional to government loans and looks forward to providing the area with industry-leading close times and high-level customer support.

"We're more than a mortgage company, we're a team, and a family with a shared passion of helping people as they achieve their dream of homeownership," said Krista Russo, Area Operations Manager. "Not to mention, our technology is among the most advanced in the industry so we're thrilled about leveraging our innovative mobile resources to continue solidifying relationships with our real estate partners."

About New American Funding

New American Funding is a national mortgage banker licensed in 48 states with approximately 130 branches that offer a variety of home loan options including: Conventional, FHA, Cash Out, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages. The company is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement, and VA Automatic mortgage lender.

SOURCE New American Funding