1st Maryland Mortgage Corp (dba Great Oak Lending Partners) announced it has held onto the title of #1 reverse mortgage lender in Maryland for the fiscal 3rd quarter of 2010 according to data from Reverse Market Insight.
It’s the second consecutive quarter that the company has held the number one position as it begins to expand into other areas of the country.
“Over the last year, we have been re-investing Great Oak and working hard to grow our business – even as the real estate market struggled,” said Joshua Shein, president and CEO of Great Oak. “This ranking is a testament to the fact that those investments are paying off.”
Earlier this year, Great Oak merged with 1st Maryland Mortgage Corp. to help it transition to mortgage banker and obtain its full eagle. According to the company, the merger allows it to fund up to $25 million in loans per month and provides it three offices in Maryland and operates in seven other states.
The company recently launched a local media campaign using the video below.