The U.S. Department of Housing and Urban Development (HUD) recently released its year-end 203(k) endorsement summary report and Homebridge Financial Services ranks No. 1 in 203(k) loans for 2017!
With its year ending September 30, HUD reported that HomeBridge had 1,083 endorsements for 2017, which was 217 more than any other lender. Once a 203(k) loan is funded, it is sent to HUD for an FHA insurance endorsement. HUD reviews the file for completion and provides the Mortgage Insurance Certificate, which deems the file endorsed.
“It’s a great honor to be the No. 1 FHA 203(k) lender in the nation,” said Steven Marshall, Homebridge’s National Renovation Manager, “but our primary objective is to be known as the ‘Best Renovation Lender’ in the country. Being No. 1 is a huge bi-product of achieving that objective.
“We want to be sure that our customers know that a renovation loan allows them to personalize and customize the purchase of their new home in order to maximize the comfort and enjoyment for their family. The Homebridge team is here to help them navigate the process. Our status as the No. 1 renovation lender is due to a team effort including Sales, Operations and Management. Together we work tirelessly to make sure we exceed our customers’ expectations throughout the lending process.”
Other keys to Homebridge’s success have been hiring top-tier renovation talent and creating a dedicated Renovation Concierge team, which gives more attention and a specialized experience to every renovation loan entering the pipeline.
“Our goal is to not only be the No. 1 renovation lender in America,” said Rick Floyd, Homebridge Executive Vice President, “but to also be the most recommended mortgage company in the country. I am so very proud of our leadership and team members who focus each and every day on making this goal a reality.”