LITTLE FALLS, N.J. (PRWEB) JUNE 13, 2018 The new changes will benefit the overall condominium market and enhance options for customers NJ Lenders is happy to announce that on June 5th, 2018, Fannie Mae has made several positive updates to their condo, co-op, and PUD project policies. The Project Standards Update will now help simplify the policies and guidelines for our customers, and as a leading condo lender, NJ Lenders believes these changes will certainly help benefit the overall market and our clients. “Fannie Mae’s recent changes will provide more liquidity in the condo market,” said Steve Grossman, Executive Vice President of NJ Lenders. “The changes will have a positive impact on consumers, and a number of projects that were difficult to obtain financing for are now going to be eligible for conventional financing.” Please note that lenders can start applying these changes when reviewing projects effective immediately. The Selling Guide has also been updated to include references to these new forms. For more information on the changes and updates, please refer to the following bullet notes that help describe the summary of the Project Standards Updates: Single-Entity Ownership Waive the single-entity ownership requirement when the purchase transaction will result in a reduction in the single-entity ownership concentration (maximum single entity ownership 49%, no delinquent dues, no pending or active special assessments) Exempt units held by non-profits, affordable housing programs (including units subject to non-eviction rent regulation codes), or institutions of higher ...
Visit NJ Lenders Corp. at booth #825 to vote for your favorite ‘retro’ candy and enter for a chance to win a $500 Amex gift card! NJ Lenders Corp. is excited to announce our participation at the 2017 Realtors Triple Play Convention in Atlantic City, NJ December 5th & 6th. The Triple Play convention has helped bring Mortgage Brokers and Realtors together in an unmatched networking event. As a premier year exhibitor, NJ Lenders Corp. will showcase our diverse and comprehensive capabilities that allows us to be one of NJ’s largest Retail Mortgage Bankers. But don’t let our name fool you! We are licensed in 7 states including New York, New Jersey, Pennsylvania, Connecticut, Virginia, Maryland, and Florida. Our mission is to produce competitive mortgage rates and fees while providing a level of service that exceeds expectations. With 26 years of experience, we are proud to serve over 60,000 homeowners.
(Published June 14, 2016) RIS MEDIA - New Jersey and New York residential mortgage banker NJ Lenders Corp. recently announced 11 mortgage originators were ranked as the best in the industry nationwide by Mortgage Executive Magazine. Steven Grossman (Little Falls, N.J.), Christopher Gallo (Ho-Ho-Kus, N.J.) Mark Casamassina (Little Falls, N.J. ) and Charles Shulman (Ho-Ho-Kus, N.J.) were the four NJ Lenders Corp. Senior Loan Originators who ranked in the on the list of the “Top 200 Mortgage Originators in America” for their production and volume in 2015. “I am thrilled that Mortgage Executive Magazine recognized so many NJ Lenders Corp. loan originators in the annual Top Originators issue,” says Glen Durr, NJ Lenders Corp. President. “These individuals are great examples of how consistently delivering service beyond expectations is the best model to ensure satisfied customers and continued success. Congratulations and thank you for your outstanding performance”. According to Mortgage Executive Magazine, the list seeks to recognize and celebrate the service, dedication, and hard work which leading Mortgage Loan Originators put into serving their clients. Ranking highest on the list, Steven Grossman of the Little Falls corporate office, was named No. 62, loan originator in the nation, according to the prestigious top 200 mortgage originator list, with a total closed volume of $130,120,248 and 256 successful closed loans. As a top producing loan officer for more than 24 years, Grossman has originated more than $1.5 billion in residential mortgage loans over the course of his career with NJ Lenders Corp. He ...
(Little Falls, N.J.) – Little Falls-based residential mortgage bankers, NJ Lenders Corp. (NMLS: 35286), announced today that fourteen loan officers received the “Five Star Professionals” award for 2015. Loan Officers Lisa Aflalo, Dominick Angotti, Richard Alashaian; Chad Barris, Ryan Barry, Mark Casamassina, Luke Chamberlin, Glenn Durr, Christopher Gallo, Steven Grossman, Susan Lake; Donald Maita Edward Pascocello, and Nick De Simone were each awarded recognitions for their success in helping their clients achieve homeownership. The Five Star Mortgage Professionals is awarded to identify mortgage professionals in a given market who meet the criteria in providing quality service to clients. Each award recipient is nominated by past and present clients and the designation is given to less than seven percent of all lenders in the state of New Jersey. “It is truly our pleasure, to help hundreds of families secure funding for new home purchases and drop monthly payments with custom refinancing options. Acquiring a mortgage is a making undertaking- a home purchase is often the largest purchase someone makes in their lifetime. That is why throughout our 25 years in business, NJ Lenders Corp. remains committed to trusted relationships and the highest level of attention and service.” said Durr. The Five Star Mortgage Professional award program is conducted in more than 30 markets throughout North America. Mortgage professionals are measured using an objective, in-depth research methodology with significant focus on customer feedback and overall satisfaction. “Five Star Mortgage Professionals are more than ...
Little Falls – NJ Lenders Corp., a tri-state area mortgage company privately owned and licensed as a residential mortgage banker, is celebrating its 25th year of business. The company, said a spokesperson, is proud to have a 25-year commitment to providing homeownership through its dedication to its clients and their needs to purchase or refinance homes. Founded in 1991, the company currently originates mortgage loans in New Jersey, New York, Connecticut, Pennsylvania, Virginia, Maryland and Florida. With seven offices and more than $20 billion in closed mortgage loans, its track record of success can be seen in its client retention rates. More than that 70 percent of NJ Lenders Corp. mortgage loans are currently derived from previous customer referrals. "Our customers have choices and they continue to choose us, year after year," said NJ Lenders Corp. President Glenn Durr. "Our loan officers have earned their reputations by recognizing and responding to what’s important to our borrowers. We are not only defined by our competitive rates and broad product offering, we focus on ensuring a best in class customer experience by partnering with our clients to help guide them to the right mortgage solution that best fits their goal." Over the last 10 years, shifts in the U.S. economy as well as the recession and housing crash caused many lenders to have difficulty staying afloat. Durr described that NJ Lenders Corp. was able to remain steadfast during this economic climate because of the knowledge, expertise and service of their experienced employees. Durr said, "Whether purchasing a home for the first time, or taking a new ...