Entries Tagged 'Southwest Funding News' ↓
April 5th, 2010 — Southwest Funding News
Southwest Funding is so confident that it offers the best mortgage retail branch program in the industry, the company is paying new Branch Managers a $3000 sign on bonus to prove it.
Any Branch Manager who is hired at Southwest Funding between today and May 31, 2010 is eligible to earn the $3000 sign on bonus.
Simply fund 6 residential mortgage loans at your Branch Office within 60 days of hire and earn your $3000 bonus! All loan fundings at your Branch Office qualify, whether banked, brokered, originated by yourself, or any loan officer at your Branch Office.
Are you eligible? Contact us today to learn more.
March 15th, 2010 — Southwest Funding News
Ask anyone in the mortgage business today how he or she is feeling about their mortgage career choices, and you may get a somewhat defeated response. But you won’t get that response from retail mortgage branch company Southwest Funding owner, Don Yount. Yount and his team at Southwest Fundings corporate headquarters in Dallas, Texas are enjoying their own boom – which is unusual when so many in the mortgage business are going bust.
Government regulations and sweeping changes in policy have literally turned the mortgage business upside-down. Southwest Funding actually sees this as a good thing.
Why?
“Most of the unscrupulous mortgage brokers and loan officers have left the mortgage business since new regulations have begun,” says Yount. “The rogue behavior of people in any business or industry has to be stopped, or the whole industry’s reputation will suffer. Some bad apples have hurt the industry, but I believe our consistent efforts at being ethical and staying within our compliance guidelines, plus the close-knit support of our branches, is contributing to our success. We get personally involved.”
The numbers at Southwest Funding speak for themselves. Since its beginning in 1993, Southwest Funding has grown from a single retail location to over 100 brick and mortar locations in multiple states. The company posted a 26% increase in loan production last year over 2008, despite a troubled economy.
When many mortgage companies have been shutting their doors over the last few years and leaving their brokers in the cold, Southwest Funding offers “a great place to land” by giving originators the option to both bank and broker their loans. This system of choice and flexibility is not new to Southwest, and they are now seeing some companies attempting to copy the Southwest style – but not exactly. The experience Southwest Funding offers is unmatched in the industry and has never been duplicated.
“Some of these net branch type companies have no idea what’s involved in making this type of business model run smoothly,” says Yount. “I hear complaints from those who join us that their former employer wasn’t even telling them all of the fees the corporate office charges until their first loan goes through. We would never do that. It’s sad in a way, what they are doing – but on the other hand it also means the same great originator and their team will probably end up calling Southwest Funding.”
February 15th, 2010 — Southwest Funding News
Leading mortgage retail branch provider Southwest Funding is proud to announce that Carolyn Clark has joined the Southwest team as Field Recruiter within the Business Development group. In her role, Clark will focus on seeking new mortgage branch office locations and expanding the company’s rapidly growing mortgage banking division.
“We are very excited for the new additon to Southwest Funding’s corporate recruiting team,” said Mark Buskuhl, Southwest Funding’s COO. “Southwest Funding’s business model has proven very popular and Clarks vast connections in the mortgage lending community will complement the expertise of our team in helping us to achieve our goals.”
Clark is very well known in the mortgage community where she has worked for several mortgage trade goups including the North Texas Assosciation of Mortgage Professionals, f.k.a Dallas Mortgage Brokers Assosciation; DFW Assosciation of Mortgage Professionals; Greater Houston Assosciation of Mortgage Professionals; and Austin Assosciation of Mortgage Professionals.
“I am excited to join Southwest and leverage my connections to offer a net branch alternative to the many mortgage professionals I interact with on a daily basis”, said Clark. “With the recent changes in our industry, now is the time for every mortgage loan originator to connect with Southwest Funding, the leader in mortgage branching. I look forward to growing with company and the new offices we acquire.”
January 26th, 2010 — Southwest Funding News
Southwest Funding today announced the appointment of David Manfre to serve as the organization’s chief financial officer (CFO). In his new role, Manfre will oversee the day-to-day financial operations of the Dallas-based mortgage retail branch company that supports over 400 mortgage loan officer professionals nationwide.
“Managing the fiscal operations of the leader in mortgage branching opportunities is a role of great responsibility”, said Manfre. “Loan officer and mortgage broker professionals join Southwest Funding every week to pursue financial independence. My goal is to ensure that we maximize every resource we have to meet their needs.”
Manfre has previously held senior mortgage and business development positions in both private and public companies, most recently with a mortgage net branch organization. Manfre also serves on the board of a private investment fund in the Dallas area. He earned his Bachelor degree in Economics from San Jose State University.
“Southwest Funding is very fortunate to have somebody of such talent, energy and commitment to fulfill this critical role”, said Mark Buskuhl, Southwest Funding’s COO. “We believe Southwest Funding will benefit from Manfre’s track record in developing and bringing an exemplary combination of business judgment, professional skills and integrity”.
January 14th, 2010 — Southwest Funding News
We are proud of Southwest Fundings performance in 2009. The Company responded to the challenges of the real estate market by relentlessly focusing on the future and operating Southwest Funding with discipline. With the talent and dedication of our people, we funded more mortgage loans this year than in recent years past. The company has a more focused and productive loan originator base now which resulted in a 19% growth over 2008 in funded mortgage loans. We were able to accomplish this even after narrowing the originator base by over 200 employees and focusing more on our producers.
I want to thank our more than 400 employees for their tremendous contributions. Our people continue to bring the expertise and necessary skills that set us apart in the marketplace.
Top performers view economic downturns as an opportunity to strengthen their position in the marketplace and outperform their competitors. Many of our retail mortgage branch offices are stepping up to the task and taking advantage of the current economy. We have done such at the corporate office as evidenced by this years great success. We are providing more mortgage tools and resources in the coming months to accomplish the tasks required of you. We will help you navigate through the flood of industry changes and rules put in effect. This will give you the advantage and allow you to what you do best – originate and close mortgage loans.
Mortgage industry uncertainty will continue into 2010 but you can use this as an advantage as the others look to Southwest Funding to set their own policies and procedures. We have expanded our presence with more and more offices being opened outside of Texas. Our corporate office staff is growing as we add several more employees in the coming months to support our retail mortgage branch offices and their growth.
Most important the investments made in 2010 are in our people. We are thrilled to replace our previous in house lender Overland Mortgage with the new Southwest Funding Banking Division. The Banking Division is making huge strides every month to handle new business and was the #1 lender in funded loan volume for the 4th quarter 2009. The Banking Division is in position to handle all company production volume whether you choose to bank or broker your loans.
The economic environment will be challenging, but the opportunities will be greater as weaker mortgage net branch type companies continue to fail. We will respond as we always have by making the right decisions for Southwest Funding and you. Through careful planning and superior execution, we will continue to be the industry leader in mortgage originator opportunities.
March 11th, 2009 — Southwest Funding News
Mortgage Duo Joins Southwest Funding
Ron & Linda Litt to add their talents to Dallas based retail mortgage branch company
March 11, 2009
Ron and Linda Litt have joined the corporate staff of mortgage lender, Southwest Funding, LP, CEO Don Yount, announced today.
“We are delighted that Ron & Linda have decided to team up with Southwest Funding and help expand our mortgage lending and branch operations,” said Yount.
“Ron has a reputation as an innovator and problem solver”, Yount continued. “While Linda has great marketing ideas and unquenchable energy to accomplish whatever task is set before her.”
Prior to joining Southwest Funding, Ron was a member of senior management at Allied Home Mortgage Capital, and at MortgageIT and was formerly President of Advantage Credit International. His record of accomplishment is recognized in numerous articles and interviews in the trade press. In August 2006, Ron was featured on the cover of Mortgage Technology Magazine and won the 2007 Mortgage Technology Award, sponsored by the magazine.
Linda is most well known from her seven years at Allied Home Mortgage, a mortgage net branch provider, where she helped develop and expand relationships between lenders and originators. Her dynamic energy and marketing skills earned her accolades from every corner of the industry. Linda will be working on production initiatives by recruiting new mortgage retail branch offices.
“This is not the first time we’ve both worked in the same company”. the couple stated. “Being married, we’ve developed a unique form of synergy helps us both. Although our responsibilities are different, our overall goal is to help the business prosper.”
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