Business Information
The group's principal activity is to originate, securitize and sell non-conforming mortgage loans that are secured by first mortgages on one- to four-family residential properties. The group provides mortgage loans through two distribution channels - wholesale and retail. The group originates wholesale mortgage loans indirectly through independent mortgage brokers and other real estate professionals who submit loan applications on behalf of borrowers. It originates most of its wholesale mortgage loans through a network of approximately 1,700 brokers in 26 states. The group develops retail loan leads primarily through telemarketing, Internet leads, direct mail, radio advertising, origination centers and retail offices. The group primarily conducts its broker lending operations out of its woodbury, New York headquarters. Retail operations are carried out through four call centers, seven retail offices and a telemarketing hub, located in nine states.
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Name |
Title
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Email
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| Sidney Miller | Founder, Chmn. | N/A | | Lee Miller | Exec. VP, Chief Credit Officer, Treasurer | N/A | | Randall Michaels | Exec. VP - Sales, Marketing | N/A | | Richard Blass | Dir., Exec. VP, CFO | N/A | | Arnold Pollard | Dir. | N/A |
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Year |
Sales |
Net Income |
| 2006 | 512,102 | 29,765 | | 2005 | 332,696 | 17,955 | | 2004 | 117,884 | (9,349)
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