press releases :: corporate wholesale lending division

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. has branch locations located in Ozone Park, NY and Woburn, MA. Founded in 1959, Mid-Island Mortgage Corp. is New York’s longest established mortgage banker.