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.”
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.
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.
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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.
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.
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.
Insignia Mortgage principal, Damon Germanides, was recently interviewed by Kim Burgess, US news editor for the online journal, Power Originator, specializing in mortgage news. How does Damon start his day? What makes him such a superstar in the world of supersized mortgage origination? Read the full article here to learn all the details!
MPA Mag, the magazine of American mortgage professionals, has just published their e-zine featuring the 46 top grossing mortgage originators nationwide for 2016. 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. Chris is featured on page 8, with over $232 million in total loan volume and Damon is found on page 10 with over $228 million.
Both men cracked the top 5 in average volume, with Damon at #1 with an average loan volume of just over $1.9 million and Chris comes in at #2 this year with an average loan volume of nearly $1.8 million.
View the e-zine here to learn more.
