It's the first time the nationwide lender has smashed the $2bn mark
A national mortgage lender is celebrating its first year of closing more than $2 billion since it was founded back in 2003.
Nations Lending posted a 20% year-over-year increase in lending volume in 2019 to a record $2.076 billion. It also expanded its coverage to all 50 states during the year by gaining approval as a licensed lender in the New York, Missouri and Nevada.
Completing the firm’s stellar year was the acquisition of 15 new branches to take its branches to a total of 82, along with new regional leaders.
"We're proud of what we accomplished in what was a banner year for Nations, but for us, success isn't about hitting just one number," said Corey Caster, Executive Vice President of National Production. "We've been really fortunate to attract exceptional talent, and these additions will be key for achieving our goals for 2020."
Always the plan
Becoming a nationwide lender was always the plan for Nations, president and co-founder Bill Osbourne said.
"To be able to bring value to homebuyers and our business partners literally all across the country is something Co-Founder and CEO Jeremy Sopko and I dreamed of when we started Nations Lending."
The lender retains servicing rights on more than 95% of the home loans it originates and at the end of 2019 had a servicing portfolio of more than $4.8 billion, making the company a Top-100 Servicer in the mortgage industry.
