PRESS RELEASE
For Immediate Release
Contact: Michael Shotnik
Tel. 303-800-4595
Email: mshotnik@summit-mortgage.com
LOCAL MORTGAGE COMPANY GROWING IN WORST HOUSING CRISIS IN 20 YEARS
Summit Home Mortgage, Denver Mortgage Company
If you're not growing you're withering. This is the philosophy Summit Home Mortgage employees follow. From the ownership down Summit is focused on growing the company with strong relationships with clients, realtors, builders and other industry professionals. Summit has continued to grow and make strides even through this volatile market.
From day one Summit's ownership was very conservative in their lending practices. Being a bank they take on additional responsibility for "bad" loans so it makes sense to stick to the basics and close only "make sense" transactions. As Michael Shotnik a banker with Summit comments "the phrase make sense has gotten a little more tricky to define. It is up to us as mortgage bankers to make the transaction look as strong as possible before the loan gets into underwriting. It takes years of experience to understand lending guidelines and without this experience the client is the one who pays the price". Summit focuses heavily on education and ethics. Each banker is required to understand the lending fundamentals and is held accountable on each and every loan.
Summit is not reliant on subprime and alt-a lending which has resulted in solid growth even through the current credit crunch. With focus placed on solid ethics and business practices Summit Home Mortgage will continue to grow.
Summit Home Mortgage Company is a Minnesota based company with two local Denver branches. The Denver branches are supported by the strength of a national bank and thrive with local connections. Summit works with first time home buyers, seasoned buyers and Investors. The program menu ranges from FHA to conventional programs for both purchases and refinances.
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If you'd like more information about this topic, or to schedule an interview with Michael Shotnik, please call 303-800-4595 or email Michael at mshotnik@summit-mortgage.com
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