Chris Furie featured in The Real Deal

Insignia co-founder Chris Furie was also interviewed recently for The Real Deal, a New York City-based real estate website. “The option for a loan gives overseas buyers the chance to spend much more, according to Chris Furie, a partner at Los Angeles-based Insignia Mortgage, whose nonconforming loans are backed mainly by regional banks. “Most [overseas buyers] don’t think they can get a loan, so they pay cash. But they’d much rather take a loan, even if they have to put down 40 percent.”

Insignia Mortgage is building a national reputation as the go-to specialists in complex, non-traditional mortgages. Specialties include all types of unusual scenarios including no tax return loans for foreign nationals, retires, and self employed real estate investor’s, Insignia also specializes in developer and owner occupied construction loans and interest only Jumbo mortgages. Insignia is one of the top originators in the US by loan size with over $365 million in loans originated just in 2015  and over $2B in total volume since 2012. They have closed $80 million in loans to non-resident foreign nationals, just in the last year. They’ve originated over $330 million in 2016. Recently, they closed a $40 million residential-construction loan in Bel Air.

Insignia Mortgage on Foreign Nationals Loans in Wall Street Journal’s Jumbo Jungle

U.S. real estate is an attractive investment to buyers both domestic and international, but non-resident foreign nationals often face challenges purchasing property here, even if they have plenty of assets. Traditional banks and mortgage companies often lack the experience and know-how required to facilitate these often complex transactions.

Recently, The Wall Street Journal’s Jumbo Jungle interviewed Insignia Mortgage co-founders Chris Furie and Damon Germanides, who have considerable expertise and success in this particular arena. Tips shared included advice on how to leverage debt to buy residential property in the U.S.

Wall Street Journal: “In California, Insignia Mortgage closed $80 million in purchase and refinance mortgages to foreign nationals over the past 12 months; the backing comes mostly from regional banks, says Insignia partner Damon Germanides. Available programs require a minimum loan amount of $500,000 up to $7 million for three-, five- or seven-year ARMs with current rates starting in the high 2% to high 3% range for the initial fixed-rate period,” Mr. Germanides says.

View the article as a PDF here.

Insignia Mortgage is nation’s #1 originator in the country in 2015 by loan size!

Average loan size of close to $1.9 Million in 2015

Ranked in the Top 20 by National Mortgage News

We’re pleased to share that the Insignia Mortgage principals, Damon Germanides and Chris Furie, have once again ranked among the very top of all mortgage originators in the country for 2015, according the National Mortgage News and the Scotsman Guide annual report.

“Chris (Furie) and I work very hard to be the best at what we do,” said Germanides, adding “We let our numbers speak for us. Our average loan size in 2015 was nearly $1.9 million, which is the largest average loan size in the nation and an industry benchmark.”

Furie and Germanides ranked in the Top 20 of the National Mortgage News Top Originators report for 2015.

Also, according to the Scotsman Guide, Chris Furie ranked #21 for Top Dollar and Purchase volume for this year, with a total volume of $200 million, with 101 closed loans. Chris has been in the mortgage business for 26 years. Furie remarked, “We are the number one jumbo loan broker in the country by loan size. We are able to provide large jumbo loans to foreign nationals and self-employed borrowers that have been turned down by traditional lenders.”

Insignia co-principal Damon Germanides ranked #33 and #34 for Top Dollar and Top Purchase Volume respectively, with a total volume for the year of almost $165 million.

For more information on our jumbo loans, loans for foreign nationals and no tax return loans, please contact us.

View the press release as a PDF.

Chris Furie Featured in the Scotsman Guide

Only twelve loan originators are selected per year for inclusion in The Scotsman Guide, the mortgage industry’s leading US publication. Our very own co-founder and principal Chris Furie has earned that honor in a monthly feature on Top Originators nationwide. In the article, Mr. Furie discusses how his career path led his success in originating complex  jumbo loans with foreign nationals. Mr. Furie ranked 6th nationally in the 2014 Scotsman Guide rankings, which are based on sales volume. Read the full article here.