Market Overview

The Money Source Funds Over $1 Billion in New Loans in One Month, Reaching New Growth Milestone During National Expansion


Growth Milestone Comes as The Money Source Launches Retail Lending Division and Expands Executive Team

Melville, N.Y. (PRWEB) July 26, 2016

The Money Source, a national correspondent, retail and wholesale mortgage lender and loan servicer, surpassed $1 billion in loan funding for the month of June 2016, highlighting the lender's strong growth and successful nation-wide expansion.

The Money Source is a Melville, New York-based national lending company with offices in Walnut Creek, Calif.; Meriden, Conn.; Phoenix and Tempe, Ariz. and Dallas, Texas. In 2016 alone, the company hired more than 300 employees, and it now maintains over 110,000 square feet of office space.

The $1 billion loan funding milestone puts the company closer to its 10-year goal: to help more than one million U.S. families achieve and maintain their dream of home ownership.

"The Money Source's growth can be credited to a strong workforce that embraces our company's unique corporate culture and works tirelessly to achieve our mission of making home ownership a reality for one million families across the nation," said Darius Mirshahzadeh, CEO of The Money Source.

The company has expanded by adding new channels and divisions, like its new Southern California-based retail lending division, and by streamlining workflow with their robust EASY mortgage technology. Its rapid growth is also fueled by its strong, unique corporate culture which attracts both Millennials and experienced mortgage professionals.

The Money Source was recently named Top Mortgage Employer in 2016 and a 2016 Visionary Organization by National Mortgage Professional Magazine, awarded the Bronze Stevie Award for Management Team of the Year, voted the #3 Best Mid-Sized Company to Work in the Bay Area by the San Francisco Business Times' and Silicon Valley Business Journal, and CEO Darius Mirshahzadeh was named one of the Highest Rated CEOs in the nation by Glassdoor.

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