Mortgage Banker and Broker Southwest Funding Defies Economic Odds

    DALLAS, TX, March 18, 2010 /24-7PressRelease/ -- Ask anyone in the mortgage business today how he or she is feeling about their career choices, and you may get a somewhat defeated response. But you won't get that response from Southwest Funding owner Don Yount. Yount and his team at Southwest Fundings corporate headquarters in Dallas, Texas are enjoying their own boom - which is unusual when so many in the mortgage business are going bust.

Government regulations and sweeping changes in policy have literally turned the mortgage business upside-down. Southwest Funding actually sees this as a good thing.

Why?

"Most of the unscrupulous mortgage brokers and loan officers have left the business since new regulations have begun," says Yount. "The rogue behavior of people in any business or industry has to be stopped, or the whole industry's reputation will suffer. Some bad apples have hurt the industry, but I believe our consistent efforts at being ethical and staying within our compliance guidelines, plus the close-knit support of our branches, is contributing to our success. We get personally involved."

The numbers at Southwest Funding speak for themselves. Since its beginning in 1993, Southwest Funding has grown from a single retail location to over 100 brick and mortar locations in multiple states. The company posted a 26% increase in loan production last year over 2008, despite a troubled economy.

When many mortgage companies have been shutting their doors over the last few years and leaving their brokers in the cold, Southwest Funding offers "a great place to land" by giving originators the option to both bank and broker their loans. This system of choice and flexibility is not new to Southwest, and they are now seeing some companies attempting to copy the Southwest style - but not exactly. The experience Southwest Funding offers is unmatched in the industry and has never been duplicated.

"Some of these companies have no idea what's involved in making this type of business model run smoothly," says Yount. "I hear complaints from those who join us that their former employer wasn't even telling them all of the fees the corporate office charges until their first loan goes through. We would never do that. It's sad in a way, what they are doing - but on the other hand it also means the same great originator and their team will probably end up calling Southwest Funding."

Southwest Funding is expanding its Retail Branches in the following states: TX, AL, AR, FL, IA, IN, KY, LA, MI, MO, MS, NM, OK, TN. Call 214-221-5215 ext 124 for more information.

Website: http://www.branchsouthwest.com

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