Total Volume of over $417 MM in 2019
Insignia Mortgage principals Chris Furie and Damon Germanides have been named among the nation’s top mortgage producers nationwide in 2019, for the 5th year in a row. The rankings are published by the mortgage industry’s premier publications, The Scotsman Guide and National Mortgage News. Insignia Mortgage was also recognized as a Top 25 brokerage nationwide by AIME, the Association of Independent Mortgage Experts, a trade organization founded in 2017.
Scotsman Guide ranked both producers in the top 6 for the “Top Mortgage Broker” category and 45 and 54 in their “Top Dollar” category, respectively. Chris closed 94 loans in 2019, and Damon closed 107 loans for a combined $417,420,675 funded in 2019 and a loan average of over $2 MM, which has been increasing steadily over the past few years.
National Mortgage News, which ranked the top 400 originators who submitted entries by dollar volume, ranked Chris at #20 and Damon at #21.
As a team, their combined production has been over $3 billion in loans funded since their founding 2012.
Insignia Mortgage is now far and away the top jumbo lender by loan size in the country with an average loan amount of over $2 million per transaction.
Insignia Mortgage has built its reputation by offering a suite of innovative and custom programs at low rates for non-traditional borrowers.
“We are incredibly humbled that our small boutique mortgage brokerage has been nationally recognized as a top 25 broker in the country,” says Damon Germanides, co-founder. As a top broker, Mr. Germanides was also featured in a recent issue of the Scotsman Guide in the article, “Talking Three P’s of 2020 With This Year’s Top Originators. “
Chris Furie, Insignia Mortgage’s co-founder commented, “Despite the COVID-19 pandemic and all the issues it has caused, we’ve been working closely with our lenders to help our clients with refinances and new purchases.”
This year will no doubt be impacted by the current coronavirus crisis, but Insignia Mortgage remains busy and is actively collaborating with lenders and clients to get deals done.
Insignia Mortgage works closely with local lenders to develop lending programs (from $500,000 to $25 million) for those borrowers that do not fit into conventional mortgage programs. Chris and Damon’s unique lending products are designed for foreign borrowers, borrowers with highly complex financial statements and entity structures, and those borrowers who require a no tax return loan, or a loan on an investment property. Later this year, Insignia Mortgage will be rolling out some new innovative products, including reverse mortgage programs.
Insignia principal and co-founder, Damon Germanides, was interviewed on April 30, 2020, along with two of his nationally ranked peers in the mortgage industry for their thoughts on how the industry is moving forward under the shadow of COVID-19.
Each was asked for their Perspectives, Predictions, and Pointers. Damon noted that at Insignia Mortgage, “We’re getting deep into the financials to ensure that the bank can get comfortable with the deal, because that’s what this environment calls for.”
Read the full article on the Scotsman Guide website.
Insignia principal Damon Germanides was interviewed this week, on April 21, 2020, in Bloomberg.com in the piece “Wealthy Mortgage Borrowers Face Cold Shoulder From Lenders,” authored by Prashant Gopal, John Gittelsohn, and Shahien Nasiripour.
The article covers the counterintuitive situation in which many holders of jumbo loans find themselves in. With federal rates approaching zero, those seeking an advantageous refinance are finding lenders unavailable to offer favorable terms. Because jumbo loans are not backed by the federal government, they’ve gone from a lucrative market for banks to a near-pariah overnight.
Mr. Germanides is quoted at the end of the article in a comment on how a rock-solid homebuyer he’s working with is finding it more challenging to obtain a mortgage than he would have before the pandemic crisis hit. Loans are still going through, but it is harder “get them across the finish line.” Read the whole article here.
Insignia Mortgage’s co-founder and principal, Damon Germanides was recently interviewed by The Scotsman Guide’s chief reporter, Arnie Aurellano, to talk about how he became one of the country’s top loan originators. Damon reveals that working at his family’s beloved West Hollywood restaurant gave him the work ethic that underlies his success and fueled his entrepreneurial spirit.
Read the full Scotsman Guide interview.
Our very own South Bay / OC specialist, Jeff Edwards, is featured in a beautiful two-page spread in Joli Magazine, a fave of the OC area. Find him on page 78 of this popular publication, in their Fall 2018 issue.
Jeff, a licensed California real estate broker, has been in the business for over nineteen years and offers his financial analysis in the article inJoli. Jeff is based in Newport Beach, CA and serves the surrounding areas as well as Southern California in general. His focus is on properties up to approximately $5.1 million with as little as 25% down. He specializes also in products uniquely designed for borrowers who don’t fit into the traditional big banks’ guidelines, such as high net worth individuals who may also be self-employed with complex finances and/or who are purchasing properties in the name of a trust or an LLC.
Joli Magazine has a 87,500 quarterly readership and enjoys a circulation of 20,000.
Insignia Mortgage is featured in the June 12, 2015, Wall Street Journal in the “Jumbo Jumble” section! The article, “More Options for Mega Mortgages,” discusses the emerging trend of the financing behind ‘super jumbos’ with home loans typically ranging from $4 million to $20 million.
Insignia Mortgage, based in Beverly Hills, CA, specializes in tailored programs for high-net-worth borrowers whose mortgage needs are often not met by traditional lenders. Insignia is also well versed in managing the international components of these deals.
Principals Chris Furie and Damon Germanides are among the top of all mortgage originators in the US. In 2014, Chris was ranked #6 in the country with over $190 million in loans and Damon was #32 with over $129 million.
Find out how Insignia Mortgage can help craft a custom mortgage for you!
Contact us to schedule a meeting with one of our Loan Experts.
For the fourth year in a row, Insignia Mortgage has achieved top status as among the nation’s top mortgage producers for 2018, as ranked by The Scotsman Guide, National Mortgage News, and they’ve again cracked the $150 Million Club, as ranked by Mortgage Professional America. Insignia Mortgage consistently has the highest average loan size per borrower in the country at over $1,950,000.
Chris Furie and Damon Germanides were ranked as #3 and #4 in the Top Mortgage category nationally respectively for this year by The Scotsman Guide, and #11 and #14 for “Top Dollar”, with a total collective volume of nearly $400 million, a total of 223 closed loans between them and an average loan of nearly $2 million.
Chris and Damon ranked #8 and #10 respectively as top national producers by National Mortgage News.
Chris has been in the mortgage business for 30 years and Damon has been in the business for 15 years.
MPA Mag, the magazine of American mortgage professionals, has just published their e-zine featuring the top grossing mortgage originators nationwide for 2018. These professionals were nominated by their peers and then substantiated by documentation. Insignia principals Chris Furie and Damon Germanides each earned a spot on this prestigious list of highly accomplished originators for another year.
Both men cracked the top 5 in average volume, with Damon at #1 and Chris comes in at #2 this year, each with an average loan volume of over $1.9 million.
See the full 2018 MPA rankings here.
MPA Mag’s Kimberly Green recently interviewed Insignia Mortgage co-founder Damon Germanides. Find out all his inside strategies for winning over a mortgage underwriter and his strategies for building a successful niche business in a competitive arena.
Read the full article here.
Once again, Insignia Mortgage has achieved top status as among the nation’s top mortgage producers for 2017, as ranked by The Scotsman Guide, National Mortgage News, and they’ve again cracked the $150 Million Club, as ranked by Mortgage Professional America. Insignia Mortgage consistently has the highest average loan size per borrower in the country at over $1,950,000.
“We continue to focus on the loans that are hard to place due to the borrowers’ profile” said Germanides, adding, “The fact that we’re able to meet our clients’ needs to close transactions very quickly combined with our access to common-sense lenders keeps us very busy in this robust housing market.”
Chris Furie and Damon Germanides were ranked as #11 and #12 Top Producers nationally respectively for this year by The Scotsman Guide, with a total volume of $414 million, a total of 212 closed loans between them and an average loan of $1.95 million, an increase over last year’s average loan size. Chris and Damon ranked #16 and #17 respectively as top national producers by National Mortgage News.
He remarked, “We remain the top jumbo loan broker in the country by loan size. We specialize in packaging non-traditional loans for high net worth borrowers who may be foreign nationals or not using tax returns.”
Chris has been in the mortgage business for 28 years and Damon has been in the business for 14 years.