Value Financial Posts 4th Consecutive Profitable Quarter

image Value Financial Mortgage Services reported that its profits improved by $76,000 in the first quarter of 2009.  The company saw its sales increase almost 10% to $600,000 and marks Value’s 4th consecutive profitable quarter said a company statement.

Nelson A. Locke, Value’s CEO said "Every now and then you read something that makes you appreciate the really great job your team is doing. Recently there has been press about other companies struggling in this environment. That gave us pause to realize that a ‘Thank You’ was in order for our own team.”

Locke added, “People ask us how we manage to keep growing in this difficult economic climate. While the work is hard, the answer is simple. Focus on core competencies, control expenses, and invest every extra dollar in your sales team and technology."

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Value Financial has almost 100 reverse mortgage specialists that are supported by its Operations center in Miami, FL.  It’s back office support includes 3 DE underwriters and a processing/closing staff of 12.  The company has endorsed  245 HECMs YTD according to HUD’s endorsement reports.

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  • Great to read about Nelson. He used to be located next to my office. I share his exact business strategy, the time to reinvest in the company is now. I look forward to growing to his level. Our organization has grown quickly also this quarter, going from an average of 10-15 originations to about 30 per month now. All of that growth simply is due to reinvestment in my sales team! Great Job Nelson.

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