Fairway Independent Mortgage Reaches $3.6 Billion in Loan Volume for 2011

With assistance from low mortgage rates, growing national lender finishes year with single best quarter for loan volume and second best annual volume in company's history

- Number of Fairway branches climbs 11 percent in 2011; company continues to recruit -

News provided by

Fairway Independent Mortgage Corporation

Feb 02, 2012, 12:35 ET

SUN PRAIRIE, Wis., Feb. 2, 2012 /PRNewswire/ -- Fairway Independent Mortgage Corporation, one of the country's largest mortgage bankers, had another successful year in 2011. Fairway originated $3.6 billion in annual mortgage volume as of December 31, 2011, the second highest annual volume in the company's history. The total includes the strongest quarter in the company's history with $1.3 billion in total volume between October 1st and December 31st, 2011.

While the company's total volume last year was 10 percent lower than 2010's total of $3.94 billion, it compares very favorably to the industry as a whole. According to current estimates from the Mortgage Bankers Association, annual residential loan originations in 2011 are expected to drop 25 percent from nearly $1.6 trillion in 2010 to about $1.2 trillion.

Steve Jacobson, CEO of Fairway Independent Mortgage, attributed the company's strong performance to healthy mortgage refinancing activity fueled by historically low mortgage rates in addition to the company's consistent marketing efforts and a step-by-step approach to selling loans. "We are very thankful to be in this position," Jacobson said. "Our resiliency and success given current market conditions is a testament to the amazing people we have on board, who put the utmost care into every transaction."

Following its record year in 2010, Fairway Independent Mortgage added 13 new branches in 2011, bringing the company's total to 128 branches. Jacobson said Fairway Independent Mortgage will continue recruiting mortgage professionals and expects to bring on additional branches in 2012.

About Fairway Independent Mortgage Corporation

Founded in 1996 by Steve Jacobson and Dean Anderson, Fairway Independent Mortgage Corporation is a mortgage banker headquartered in Sun Prairie, Wisconsin. The company has 128 locations and 1,108 employees nationwide. The corporate vision is to foster relationships and create a team atmosphere, empowering offices to operate autonomously in their day-to-day operations, while still maintaining strict compliance and consistency across the board. Fairway Independent Mortgage corporate provides all necessary support in the areas of personnel, accounting and compliance. For more information, please visit www.FairwayIndependentMC.com.

PRESS CONTACTS:
Warren Lutz
Strategic Vantage Marketing & Public Relations
(925) 270-3941
[email protected]

Rosalie Berg
Strategic Vantage Marketing & Public Relations
(305) 971-5352
[email protected]

SOURCE Fairway Independent Mortgage Corporation