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

Posted on April 20, 2016 by Damon Germanides

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.

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These are the opinions of the author. For financial advice, please talk to your CPA or financial professional.

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(1) Disclosures

(1) No Tax Return loans and foreign national loan products require other forms of income documentation and asset verification in lieu of tax returns. Not all applicants will qualify. Some products we oﬀer may have a higher interest rate, more points or more fees than other products requiring more extensive or different documentation. (2) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Loan to values (LTV) are based on appraised value. Actual closing times will vary based on borrower qualiﬁcations and loan terms. All loans are subject to credit approval. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), once the fixed rate period ends, the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, DRE #01969620, NMLS #1277691

(2) Disclosures

(1) Minimum FICO, reserve, and other requirements apply. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. Rates, points, APRs and programs are subject to change without notice. Actual closing times will vary based on borrower qualiﬁcations and loan terms. All loans are subject to credit approval. (2) “Loan to Cost” (LTC) is defined as the acquisition price of the property plus the cost to build as determined by a bank appraisal. Contact your loan officer for additional program guidelines, restrictions, and eligibility requirements. (3) With an interest-only mortgage payment, you will not pay down the loan's principal balance during the interest-only period. Once the interest-only period ends, your payments will increase to pay back the principal and interest. Rates are subject to increase over the life of the loan. Contact your Insignia Mortgage, Inc. loan officer to determine what your payments might be once the interest-only period ends. (4) With an adjustable rate mortgage (ARM), the loan payment will adjust after an initial period and then adjust on a regular basis as set forth in the loan documents. For example, a “3/1” loan will have an interest adjustment 3 years after the loan closes and every 12 months thereafter. Also, the loan will be subject to annual and lifetime adjustment caps. Contact your Insignia Mortgage loan officer to determine what your payments might be once the fixed rate period of the loan ends. (5) Insignia Mortgage, Inc., is a real estate broker licensed by the CA Bureau of Real Estate, DRE #01969620, NMLS #1277691.