The document summarizes the past, present, and future of LFP Mortgage. In the past, LFP was a small, successful mortgage banker in Illinois and Wisconsin with 35 loan officers and 2 offices. Currently in 2009, LFP has expanded nationally with over 140 employees across 11 offices in 10 states. LFP plans to hire nearly 300 new employees and establish multiple funding channels and business alliances. Looking ahead, LFP aims to be licensed in 25 states with over 600 employees and establish itself as a national brand by the end of 2010 through continued expansion of offices, employees, and partnerships.
2. The Past:LFP December 31, 2008 35 Loan Officers 2 Offices in the Mid West Illinois Wisconsin Closed loans only via the warehouse line 2008 Illinois Mortgage Banker of the Year! Small, successful Mortgage Banker Name Brand in Chicago
3. The Present- 2009 Moving to a National Platform Currently, licensed in AZ, CA, FL, GA, IL, MD, NC, SC, TX, VA, WI 141+ employees 11 Office locations 3 Funding Channels New Sales Initiatives Plan to hire close to 300 employees in 2009
4. LFP Offices and # of LO’s Location # of Loan Officers Bull Head City, AZ 2 San Marcos, CA 8 Walnut, Creek CA 12 Lake Mary, FL 4 Pembroke Pines, FL 20 Bloomingdale, IL 27 Chicago, IL 5 Houston, TX 8 Fairfax, VA 8 VA Beach, VA 5 Wauwatosa, WI 5 Total 104 (As of 7/23/09) Expansion Hires 87 New LO’s Expansion officially started May 2009 (all expansion states licensed)
5. LFP Mortgage Office Locations Wauwatosa, WI Walnut Creek, CA Chicago, IL Fairfax, VA Bloomingdale, IL (HQ) VA Beach, VA San Marcos, CA Kingman, AZ Houston, TX Lake Mary, FL Pembroke Pines, FL
6. LFP- 3 Funding Channel System Mortgage Banker Channel Our Warehouse Lines give us the ability to close loans quickly, offer extremely competitive rates and have more control over the transaction. Table Funding Channel Although these loans are not closed on a traditional warehouse line, this channel offers many of the same benefits like delegated UW and control of the loan process. Mortgage Broker Channel When we need to find additional options outside of our warehouse line and table funding channel for our borrowers, we can broker the loan out.
7. LFP Upcoming Initiatives Non-Profit Initiative National Alliances National Real Estate Company Alliance National Builder Alliance Commercial Loan Division More to come!!!
9. Loan Officer Personal Web Page Borrowers can apply for a loan on line You can upload to Encompass Create a Mortgage Blog Real time updated financial information Financial indices, Mortgage indices, Rate survey Post your picture and contact info Mortgage Tools Minimal cost to LO- $150 for 1 year Professional style
10. The Future… By the end of 2010 Licensed in 25 states Over 600 Employees Multiple Funding Sources Several Alliances Established LFP as a National Name Brand!
