PORTLAND, Oregon, July 13, 2021 /PRNewswire/ — Churchill Mortgage, a leader in providing conventional, FHA, VA and USDA home mortgages in 47 states, today announced that its Pacific Northwest division is on track to surpass $1 billion in annual loan volume, just two years after the opening of its first branch, reflecting the company’s emergence as one of the fastest-growing mortgage lenders in the region.
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Churchill’s PNW team has averaged $70 million in funded volume through the first 5 months of 2021 and is expected to increase that number by another $23-28 million a month as an influx of new loan officers comes online over the next 60 days. The latest hires coincide with an ongoing expansion initiative that will see Churchill open new offices in Southwestern Washington, south dakota, Hawaii, Idaho and Oregon later this summer.
After launching in 2019 with one office in Portland with four team members, the PNW division has since grown to 23 locations with a total of 125 employees in seven states. Churchill’s ability to recruit a diverse mix of industry veterans and rising stars who are deeply rooted in their local communities has played a major factor in the boom, with the popular Certified Home Buyer program also serves as a key differentiator in a region that is home to some of the country’s most competitive housing markets.
“to beat” $1 billion in annual loan volume just two years after opening our doors is a remarkable achievement, and a testament to the extraordinary amount of hard work and dedication to excellence that our PNW team members have shown since day one,” said Kevin Hanna, president of the Churchill Mortgage Pacific Northwest Region. “More than ever, lenders need to quickly and clearly demonstrate how they can provide tangible value to home buyers given today’s challenging environment, and we’re proud of how we’ve helped our clients navigate those hurdles as they embark on their path. We look forward to opening our new offices and will continue to look for additional expansion opportunities in the region in the coming months.”
“Churchill Mortgage has always strived to put people ahead of profit, and the performance of our Pacific Northwest division shows how focusing on this key factor makes the other items fall into place,” said Matt Clarke, COO of Churchill Mortgage. “Kevin and his team exemplify our core value of having a teacher’s heart so that we prime our clients for long-term success. The PNW region is an important area in Churchill’s national network and we will continue to invest in the development of the team as they move into the next chapter of their growth story.”
headquarters in PortlandChurchill’s PNW division has recently opened offices in several markets in the region, including: Astoria, Ore.; Lake Oswego, Oregon.; Bow, Ore.; Spokane, Wash.; Tacoma, Wash.; Sandpoint, Idaho; and Anchorage, Alaska. The company offers a debt reduction program for all employees and partners with charitable organizations across its geographic footprint, including Hunger Fighters, The Oregon Food Bank, Sackcloth & Ashes, With Love, Meg’s Moments for Life Jackets, Shepherd’s House Ministries and Youth Music Project. .
Home prices in the Pacific Northwest have risen, according to a new report from the National Association of Realtors. Prices in Portland rose 13.5% year-on-year in March as available inventory remained close to historic lows, with an influx of out-of-state buyers and continued low interest rates helping fuel demand.
Founded in 1992, Churchill Mortgage is a privately held company with over 800 teammates. The company is a full-service and financially sound leader in the mortgage industry, providing conventional, FHA, VA and USDA residential mortgages in 47 states. As heard about personal finance expert and author Dave Ramsey’s Nationally syndicated radio show, the Lender’s mission is to help borrowers achieve debt-free home ownership and build wealth through a smarter mortgage plan, regardless of their starting point. Churchill Mortgage is a wholly owned subsidiary of Churchill Holdings, Inc.
Churchill Mortgage’s notable achievements include recognitions as a “National Top Workplace”, “Top Lender” by Scotsman Guide: Residential, an eight-time “Top Workplace” by the Tennessee, one of the “Best Mortgage Companies to Work For” by National Mortgage News and a “Fast 50” company, “Top 100 Private Company” and “Best in Business” by the Nashville Business Journal. For more information on Churchill Mortgage, please visit: Kerkillmortgage.com or follow the company LinkedIn, Twitter @ChurchillMtg, Instagram, Pinterest and facebook.
SOURCE Churchill Mortgage