Mid-Island Mortgage Corp. Launches
Corporate Wholesale Division
Westbury, New York -
September 2, 2008
Mid-Island Mortgage Corp.
has announced the addition of a newly created Corporate Wholesale
Division to meet the growing needs of an ailing mortgage market.
The goal of this new division is to provide sound, sober lending
to an industry that has seen many of its revenue sources dry
up. Mid-Island intends to continue the solid lending practices
that
allowed it to thrive in an otherwise unfriendly market.
“
I expect this new group to play a critical role in the continued
success of Mid-Island and am excited to see it grow” said
Mid-Island CEO Louis Bottari. Considering the heavy-hitters Mid-Island
has managed to bring onboard, Mr. Bottari has good reason to be
optimistic. The Westbury, NY based mortgage banker has added 25
mortgage professionals to its newest division, taking advantage
of the wealth of talent now available in the industry to build
their team.
Recruiting top talent from firms such
as Countrywide, New Century and GE Capital, Mid-Island has taken
major steps toward
securing
its place in the industry. One of these additions is Peter Pescatore,
who has been named Co-Director of Mid-Island’s Corporate
Wholesale Division. He points out, "With market conditions
as they are, it is important to align yourself with a company that
has the platform, the experience, and the know-how to steer through
the rough waters. Mid-Island is that company!" Fellow Co-Director
Phil Collins agrees, “Aligning yourself with not only a stable
company but an organization that has a strong pulse on FHA lending
is the key to success in this market. Mid-Island has a long-standing
history of doing FHA financing which puts them a step above their
competition. I am excited about the opportunity to provide good
products and service which in turn will result in helping many
homeowners in a time when options are very limited.”
Having
been established in 1959, Mid-Island will be celebrating it’s
50 year anniversary in 2009. Considering their recent steps to
build on their foundation, they appear to be poised for
continued success for the next 50 years!
For additional information
on Mid-Island Mortgage Corp.’s
Corporate Wholesale Division, visit http://www.mimbroker.com.
ABOUT
MID-ISLAND MORTGAGE CORP:
Mid-Island Mortgage Corp. is a full-service
mortgage banker headquartered in Westbury, New York, specializing
in FHA loans.Mid-Island Mortgage Corp. also has a regional office located in Woburn, MA. Founded in 1959, Mid-Island Mortgage Corp. is New York’s
longest established mortgage banker.
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