Insignia Ranks In Top 10 Brokers In Country For 6th Year

Insignia Mortgage’s co-founders, Damon Germanides and Chris Furie were both ranked in the Top 10 Mortgage Brokers in the country by The Scotsman Guide for 2022. Damon and Chris were ranked as #7 and #9 respectively, with a total collective volume of nearly $743 million, and a total of 309 closed loans between them. Also featured on the list of the Top 100 Mortgage Brokers is Neil Patel, Insignia’s resident CPA and broker, ranking at #73 with over $135 million in loan volume and 54 closed loans. What separates the Insignia team from other brokers in the ranking is their decade-long focus on placing niche jumbo loans with local banks and credit unions. Chris, Damon, and Neil have the largest loans by size in the rankings. The total loan volume for the company in 2021 alone was close to $1 billion. 

Insignia has focused on this jumbo niche area of the market for over a decade. Damon and Chris saw a need in the marketplace to locate lenders willing to fund multi-million-dollar loans for self-employed borrowers, foreign nationals, real estate investors, and retirees. As a result, the Insignia team has helped create customized loan programs with their lending sources to meet this need.

2022 marks the 6th time Insignia’s team has had the honor of ranking within the Top 100 on this list. View the full Top Mortgage Brokers List under The Scotsman Guide’s Top Originators 2022 here.

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Insignia Mortgage Earns Nationwide Top Producers Ranking for the 5th year In a Row

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.


“Talking three P’s of 2020 with this year’s Top Originators” – Scotsman Guide 4/30/20

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.


Damon Germanides: Featured Top Originator, Scotsman Guide, November 2019

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.

Top Producers for 4th Year In A Row

Insignia Mortgage Nationally Ranked Top Producers For the 4th Year In A Row

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.