twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

New Wholesaler to Launch

Total Mortgage growing and adding wholesale division

August 6, 2009 (revised 12/16/2009)

By staff

A Connecticut mortgage firm has doubled originations and tripled its staff so far this year. By the end of the year, it expects to have a new wholesale division up and running.

From Jan. 1 to June 30, mortgage production at Total Mortgage Services LLC came in at $400 million, Total President John T. Walsh reported to in a statement.

Volume has already exceeded the $385 million originated during all of last year. Walsh projects originations will reach $800 million by the end of 2009.

Since launching in 1997, Total reports production of more than 25,000 loans for more than $4 billion. It operates in 21 states as both a lender with in-house underwriting and a mortgage broker.

To support the growth, the Milford, Conn.-based firm has expanded its staff from 25 at the beginning of the year to 75. Walsh called the new hires "some very talented and experienced mortgage professionals."

photo of John Walsh
Total photo of John Walsh

Total's success was attributed to "unbeatable" rates and avoiding high-risk lending.

The company plans to roll out a wholesale division in the fourth quarter, and it has hired a "very experienced secondary person" to set up the division.

"We think that it is a perfect time to enter into this arena when everyone else is being forced to exit," Walsh said in the statement. "We are taking our time putting all the correct pieces in place so that we don't run into all the problems that other wholesalers (Taylor, Bean and Whitaker for example) have had handling this new environment.

"We see a tremendous opportunity for someone to come into this market with none of the baggage from the toxic mortgages and bad management."

next story

back to current headlines

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders