V.I.P. Mortgage Expands Southwest Reach Opens First New Mexico Branch

ALBUQUERQUE, N.M., June 5, 2012 /PRNewswire/ -- V.I.P. Mortgage is proud to announce our latest branch opening in the Land of Enchantment. Led by three seasoned mortgage professionals, the Albuquerque branch, located at 2500 Louisiana, is primed to expand V.I.P.'s customer-focused approach throughout the heart of New Mexico.

(Logo: http://photos.prnewswire.com/prnh/20120508/LA03318LOGO)

(Logo: http://photos.prnewswire.com/prnh/20120402/MM80851LOGO)

"Having a combined 40 years in this business, Sherry (Chadwick) and I knew this partnership was an incredible opportunity to help grow our company," said Jim Bakhtiar, branch manager. "With such similar goals and objectives, V.I.P.'s greater family will certainly help to separate us from our competition.

"The industry is abuzz about V.I.P.'s strong correspondent banking relationships and superior pricing with aggressive below-market rates," he continued.  "With everything in-house – underwriting, processing, closing and funding – we are able to turn around loans so much faster, which is key to succeeding in this incredibly competitive market space."

"Jim's branch is just another wonderful example of good people in this business trying to make a difference and do things a better way," added Jay Barbour, president and founder of V.I.P. "Our company's commitment to 'restoring the reputation of the industry' attracts great talent and those sharing our same business philosophy. We couldn't be happier about the leadership at the New Mexico branch and our future expansion in the state."

About V.I.P. Mortgage, Inc.

V.I.P. is a mid-size mortgage bank committed to restoring the reputation of the mortgage industry. With nearly 40 years combined experience, V.I.P.'s principals offer a 'hands-on' approach that cultivates a family culture enveloped in entrepreneurial spirit.

Headquartered in Scottsdale, Arizona, Jay Barbour founded V.I.P. in 2006 amidst the collapse of the housing industry. With licenses in AZ, CA, CO, MI, NE, NM, TX, UT, WA, and WI, the Company has grown to employ 233 people in 16 branches nationwide. Each retail branch relies on corporate for in-house underwriting, funding and processing. As both the mortgage banker and broker, V.I.P.'s fully transparent origination platform ensures all loans succeed. Visit our web site at: www.vipmtginc.com.  V.I.P. NMLS#145502, BK#0909074, NM Branch ID#906367, J.Bakhtiar NMLS LO ID#779932, S.Chadwick NMLS LO ID#255022

SOURCE V.I.P. Mortgage, Inc.