It is no secret that many companies are “aging out†of the mortgage business, as the average mortgage professional today is in their 50s. One of the biggest challenges companies face today is how to bring the next generation of mortgage loan originators into the industry. Accutrust Mortgage Inc. has become a leader in organically growing a new segment of mortgage professionals with its newly implemented intern mentoring program (IMP).
With the ink still wet on his law school diploma, Michael J. Richards, Esq., founder and CEO of Commonwealth Mortgage, LLC, launched immediately into the legal field opening the doors to his private practice in January 1997 at the age of 26.
Real estate investment professionals are increasingly road blocked by shrinking financing options for construction and real estate acquisition projects caused by tarnished credit profiles, new banking legislation and increased federal oversight and regulation. The intense financial scrutiny and lengthy loan-approval processes of traditional lenders hamper the speed and flexibility required when opportunity knocks. Seasoned investors turn to a reliable and secure alternative source of funding for promising projects – Endeavor Capital.
For 40 years, Lawson & Weitzen, LLP has been a full-service law firm serving clients in Boston, New England and beyond.
New England College of Business and Finance (NECB) is a proven and credible online institution designed for working adults seeking career advancement. Founded as the American Banking Institute (ABI) in 1909, NECB has evolved to meet the demanding needs of the business and finance fields, developing new programs to give students the opportunity to apply their new skills to their current jobs or use them as a springboard to advance their careers.
Since 1986, Bankers Advisory has helped residential mortgage lenders maintain high standards in the areas of regulatory compliance. The firm’s team of 10 full-time staff attorneys, dubbed the “Dodd-Frank Warriors,†are primed to deliver just what the lenders need. Spanning 848 pages and 400 regulations, the Dodd-Frank Wall Street Reform and Consumer Protection Act has kept compliance risk managers spinning for more than two years.
While most in the financial industry agree that the blame for the recent recession can be laid at the feet of Wall Street, that won’t stop the regulations meant to prevent another recession from landing directly in the executive suite of the community bankers across the country.
At PeoplesBank, corporate culture is regarded as a sustainable competitive advantage. That’s what Douglas Bowen believes, and his bank, Holyoke-based PeoplesBank, has made a serious, long-term investment in providing an award-winning work environment that attracts talent from organizations many times its size. Bowen, President and CEO of PeoplesBank, worked his way up from teller to bank president and wants every new employee at PeoplesBank to know that they could do it too.
Within six months, Hyde Park Savings Bank will have changed its focus to such an extent that its new president and CEO, William M. Parent, describes it as a 140-year-old de novo bank.
“If we can’t describe a program in a few sentences, then something is wrong.†That’s the watchword of GW Financial co-partners John Gagnon and John Waters. They met at a privately-held company in the early 1990s where Gagnon was president and CEO and Waters joined the firm, becoming COO. They sold that business in the late 90s and began their new firm five years ago.
Founded in 1986 by Anna DeSimone, president, Bankers Advisory has helped hundreds of mortgage lenders throughout the United States achieve high standards of credit quality and employee proficiency through the firm’s auditing and consulting services.
These are certainly challenging times for the mortgage industry, and the folks at Accutrust Mortgage have experienced their fair share. What separates them from the rest is their will to not merely survive in this market, but thrive.
Through our history the people of the Commonwealth of Massachusetts have sought out institutions to safekeep their wealth. It was 100 years ago that the first Credit Union Legislation in the nation was passed right here in Massachusetts. Historically, in times of turmoil, consumers have shifted their savings to fully insured community based financial institutions.
A butterfly symbolically associated with Longwood Towers in Brookline signifies the metamorphosis of the historical gem from outdated apartments into beautiful condos.
It takes a little luck, a lot of hard work and a particular brand of ingenuity to build a national-recognized reputation and maintain it for more than half a century – but that’s exactly what the Herbert H. Landy Insurance Agency has done since its founding in 1949.
ForeSite Technologies President and co-owner Mike Giuffrida was in the thick of the IT/Internet race in 1997 when he was IT manager for a small Hartford based insurance company. At the time, mass culture was moving haltingly from the MS-DOS floppy-disk world to the Internet, and his job started crossing more operational lines than ever. But he had little or no backup or support. Realizing that there were many other IT personnel in his situation, Giuffrida decided to become that backup and support, and thus was born ForeSite Technologies.
On Woburn’s busy Washington Street, in a sleek, modern industrial park, is Anowsh Dadgar’s windowed sixth-floor office overlooking a green, sweeping vista of trees and I-93 and I-95, two of the state’s busiest highways. On a facing wall hang autographed photos of hockey player Bobby Orr – and a framed display of an old Orr license plate that Dadgar bid for in a charity auction.
Even when the economy is booming, some companies do not. There is never a business cycle that is absolute. That’s particularly important to remember when the economy is troubled. It’s too easy to listen to all the tales of cutbacks, of decline, of reversals, and to think that all of the business community is suffering. But it’s just not so.
