MReport Jan 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 46 of 67

TH E M R EP O RT | 45 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST ORIGINATION ORIGINATION LOCAL EDITION Helping Hand CARRINGTON SHINES A LIGHT ON THE NEEDS OF WOUNDED VETERANS. CALIFORNIA // The Carrington Charitable Foundation's (CCF) 8th Annual Golf Classic raised over $1.7 million to fund programs that support wounded American Veterans and their families. Over 260 golfers participated in the annual event, which took place in October at The Resort at Pelican Hill in Newport Coast, California. CCF, the nonprofit organization of The Carrington Companies, supports many charities that provide mobility, stability, purpose, and prosperity for U.S. service- men and women returning from post-9/11 battlefields. Since 2011, the CCF Golf Classic has raised more than $17 million, which have helped fund organizations such as The Veterans Airlift Command, the Travis Mills Foundation, The Honor Foundation, and the GallantFew. CCF's Signature Program, Carrington House, provides custom, adaptive homes for cata- strophically injured veterans. To date, Carrington House has built 20 homes for deserving Veterans, each designed to meet the special needs of wounded Veterans and their families. Two more homes are on track for completion in 2018. "Every year, this event inspires so many donors, partners, friends, and families to come together to give back to Veterans and their families," said Rosemary Rose, Chairman, Carrington Charitable Foundation. "It is a privilege to continue to support and expand the CCF programs that help those who sacrificed so much while protecting our freedom." U.S. Air Force Senior Airman Brian Kolfage and his family were among the honored Veterans at this year's tournament. According to Airman Kolfage, a CCF Ambassador, attending the CCF Golf Classic is always the highlight of the year for his family. "It's the most important Veterans event we take part in each year, and it raises an incredible amount of funds to help America's most severely wounded Veterans," he said. "This event is also about our families. It's the one time that we can all get together, stress-free, and help one another. We've grown into a family. We lean on each other, support each other, and we know Carrington is always there for us and future wounded Veterans." The 9th Annual Carrington Charitable Foundation Golf Classic will take place on October 14, 2019, at The Resort at Pelican Hill in Newport Coast, California. Safeguarding Homeowners GATEWAY INTRODUCES DOWN PAYMENT PROTECTION PROGRAM. OKLAHOMA // Oklahoma-based Gateway Mortgage Group has launched a new down payment protection program to protect homebuyers against unpredictable and unfavorable market changes. The new program is offered through ValueInsured and has been seamlessly integrated into most of Gateway's mortgage loan products. "Gateway is always growing, innovating and seeking new ways to better support homeowner- ship in the communities we serve around the country," said Alan Ferree, President of Gateway. "This partnership with ValueInsured allows us to differentiate Gateway from other mortgage lenders while providing our customers with a unique option that offers some peace of mind and simply makes sense for certain markets or bor- rowers." The Down Payment Protection Program offers homebuyers an optional insurance feature that can minimize market risk on the value of their home and safeguard some, or all, of their down payment. If the market price drops and the home sells at a loss, up to the full amount of the down payment could be reimbursed in a turnkey home inspection-free process usu- ally taking 30 days or less (some restrictions apply). "Gateway operates in many markets where home values are at all-time highs," said Joe Melendez, Founder and CEO of ValueInsured. "Gateway contin- ues to prove its commitment as a champion of the American Dream by allowing customers to buy with confidence while helping to allevi- ate the concerns and unpredictabil- ity of today's real estate values." Ferree added, "Our primary focus is to deliver the highest level of service to our customers through local, caring mortgage professionals across the nation. By offering this DownPayment Protection Program, we will be able to provide our customers with added flexibility, control and confidence in their journey to homeownership." Gateway is licensed in 40 states, and the District of Columbia, and operates more than 170 retail locations across the country. The company's annual loan volume is forecasted to exceed $7 billion while the servicing portfolio will surpass $20 billion. Top Honors PRIMARY RESIDENTIAL MORTGAGE RECEIVES WORKPLACE TRIBUTE. UTAH // Primary Residential Mortgage, Inc. (PRMI), which funded over $5.4 billion in home loans in 2017, has been awarded a 2018 Top Workplaces honor for the third year in a row by The Salt Lake Tribune. The list is based solely on employee feedback gathered through a third-party survey administered by Energage, LLC. The anonymous evaluation measures several aspects of work- place culture, including alignment, execution, and connection. "Top Workplaces is more than just recognition," said Doug Claffey, Energage CEO. "Our research shows organizations that earn the award attract better talent, experience lower turnover and are better equipped to deliver bottom- line results. Their leaders priori- tize and carefully craft a healthy workplace culture that supports employee engagement." Creating and fostering the kind of workplace that's attractive to today's workforce is certainly a top priority for the leadership team at PRMI. Whether it's rewarding em- ployee success through recognition programs, encouraging a healthy work-life balance with health and wellness initiatives, promoting community support through the company's service platform, PRMI Giving Network, or simply creating stronger teams through regularly planned social activities, PRMI is committed to investing in a com- pany culture that bolsters positivity, creativity and productivity. "Over the past 20 years, we've built a company based around the core belief that our employees are our most valuable asset," said Dave Zitting, PRMI CEO. "We know that our success is purely a result of having the most talented and dedicated folks in the business, which is why we work hard to ensure they know how much we appreciate all they do to make PRMI a top workplace." PRMI is a nationwide, multibil- lion-dollar franchise cofounded in 1998 by Dave Zitting, Jeff Zitting, and Steve Chapman. With nearly 250 branches, licensed in 49 states and over 1,500 employees, PRMI has been repeatedly recognized as a top mortgage lender and was re- cently inducted into the 2018 Ellie Mae Hall of Fame for Excellence in Compliance.

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport Jan 2019