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Inc. Magazine Unveils 36th Annual List of

America’s Fastest-Growing Private Companies—the Inc. 5000

 

For the 9th Time, Advisors Mortgage Group Appears on the Inc. 5000 list.

 

NEW YORK, October 17, 2017Inc. Magazine has named Advisors Mortgage Group on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies, for the ninth year in a row. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

“It is such an honor to be recognized on this list one time, but nine years in a row is amazing. It is a testament to the great people that work at Advisors that we can receive this honor.” – Steven Meyer, President

The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

Advisors Mortgage Group, LLC was founded in October 1999 by a single loan officer in a 400 square foot office in Shrewsbury, New Jersey. In the years since its formation, Advisors has grown to serve not only the greater New Jersey area, but also a vast portion of the United States. With branches throughout the country and its national headquarters located in Ocean Township, NJ, Advisors Mortgage has established itself as a pillar of excellence in the mortgage industry. Over the last two years Advisors has opened operations centers in San Diego, CA and Garden City, NY to both help accommodate off-site staff members, but also to better serve sales teams in those areas.  Their immense experience is their greatest asset and is the foundation of the success of the company and every Advisors branch and loan officer.

2016 was a banner year for Advisors, opening several new offices across the country and opening a full-scale construction and renovation lending department.  With a team that has over a 100 years of combined experience in renovation and construction lending, Advisors Renovation and Construction Solutions was formed to bring these complex, yet extremely beneficial loan products to the masses.  With these products, prospective homebuyers can take on fixer-upper type homes without having to do any work themselves, but hiring contractors to turn any home into their dream home.

Advisors is constantly looking for new opportunities and great people to join the exclusive Advisors Family. If you are interested, contact Luke McCann at 732-241-9759.

 

 


Chris Rittman is a mortgage industry veteran who has been involved in the wholesale and retail sides of the mortgage business for the past 30 years. His vast knowledge of our industry makes him a true asset not only to Advisors Mortgage Group, but also to borrowers looking to purchase or refinance a home. Advisors Mortgage Group has the lending power of a large bank but also has the more presonalized touch of a local lender with corporate headquarters in Ocean Township NJ.

Chris also proudly served his country in the United States Air Force. He resides in Oceanport with his wife Barbara. They have four adult children and one grandchild. 


Found out what is the best place to work in New Jersey, click the link below.

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Accomplishments: Founding Advisors Mortgage Group and guiding it through the ups and downs of the housing market; expanding the company’s services and cultivating a great place to work; volunteering through his church, First Presbyterian Church of Red Bank.

Super Power: Knowing how to solve disputes better before the disputes even take place.

What You Wish You’d Known Earlier: “The work that needs to get done will still be there tomorrow, so no need to work until the late hours doing it tonight. It can wait until tomorrow.”

Steps to Balance Life and Work: “I typically work from 9 a.m. to 5 p.m. I used to bring work home, but no longer do that. I also do not get email on my phone, so I make sure to leave work at work.”

Essential App: Mortgage calculator.

With $1 Million to Donate, You Would Support: “A charity in Red Bank to help people who need a second chance. It would provide them shelter, food, health care, counseling, etc. There would be no cost to the care recipient, so they could hopefully get a good-paying job, afford their own place and get back on their feet.”

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Mastering the Mortgage Market

May 19
5:13
PM
Category | General News

In 2008, long before the subprime mortgage crisis took hold, Advisors Mortgage Group, LLC decided to change a key business process. “We went to a conference about mortgage fraud, and brought back some ideas that led us to start reviewing mortgage applications more carefully,” says Sean Clark, vice president of the 13-year-old mortgage bank, which processes, underwrites, and sells loans to the secondary market. Today, thanks to that evolution and others, Advisors Mortgage Group has 20 offices and lends in 13 US states, and has made Inc. 5000’s list of America’s fastest-growing companies three years in a row. Here, Clark and vice president Steve Kaliff break down the New Jersey company’s impressive run.

1. Maintain Independence
A direct lender, Advisors Mortgage Group lends its own money and underwrites its own loans so it’s not reliant on anyone else. “We do everything in-house—from originating to closing loans—because we know if we rely on other companies, their performance can affect our performance,” Clark explains.

2. Make Quality Control a Priority
The most significant tactic Advisors Mortgage Group has implemented, says Clark, is to put in place a fraud-prevention program. In late 2008, believing that fraud, including falsified loan documentation, was rampant in the industry, Clark, Kaliff, and president Steven Meyer hired a quality-control manager. By January 2009, they had developed two departments, one called quality assurance, to prevent fraud prior to closing, and one called quality control, to ensure compliance after closing. “One hundred percent of our files now go through a department in addition to underwriting for the purposes of reverification and fraud prevention, so when we sell our loans into the secondary market, we know they’re clean,” says Clark.

3. Stay Abreast of New Regulations
In the wake of the subprime mortgage crisis, a wave of regulations hit mortgage bankers at the federal and state level. To help ensure compliance, Advisors Mortgage Group has turned to a team of external experts. “It seems like every day there’s a new regulation,” Clark says. “To keep abreast of them, we use AllRegs, an up-to-date database of mortgage-lending guidelines, to ensure that we understand regulatory changes in every state. We use DataVerify, QuestSoft, and Desktop Underwriter for fraud prevention. We also have two attorneys: Washington, DC-based Ari Karen of Offit Kurman helps us deal with compensation changes that resulted from the Dodd–Frank Wall Street Reform and Consumer Protection Act, and New Jersey-based Wayne Watkinson of Levy & Watkinson, P.C. helps us deal with fair lending changes and licensing changes.”

4. Establish a Web Presence
The company also relies on traditional marketing techniques, such as word-of-mouth referrals from realtors, builders, and financial advisers, but has also hired a social-media consultant and implemented a social-media effort that is showing significant results. “It’s hard to track what’s coming in from Facebook or Twitter, but loan officers who have used it have seen a dramatic increase in business, and we know it’s the future,” Clark says. “Statistics show approximately 90 percent of first-time homebuyers find their homes and mortgages online.”

5. Diversify
Advisors Mortgage Group has always sold its mortgages to other banks, such as Citibank, JPMorgan Chase, and Bank of America. Recently, however, those players have begun to exit the industry, driving the company to expand its options. “We’ve sought to do what those banks previously did, which is sell directly to government-sponsored entities such as Freddie Mac and Fannie Mae,” says Clark. “Now we can apply to sell loans to the Government National Mortgage Association. The more you can do on your own, the better you can compete.”

6. Encourage Staff
In 2006, a fire burned Advisors Mortgage Group’s only office to the ground, forcing the firm’s 30 employees to work from a small office equipped with folding chairs and tables. Clark says many left—but those who stayed were committed to the company’s success. “Employees who work with us now have been with us for 5–10 years, which is rare in the mortgage industry,” says Kaliff, who also points to the company’s culture as a factor in its slow turnover. “We facilitate a family relationship so employees feel like more than employees,” he says. “Every Thanksgiving, our president cooks a turkey dinner for the entire company at his home.”

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