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Our History
The Home Lending Source was founded in the year 2000 by two of Ohio's top mortgage loan originators. Originally known as Consumers Mortgage Corporation of Ohio, we began operating as a small, referral- based mortgage banker in Northeast Ohio. With a commitment to hiring only the industry's best loan officers and operations staff, and with the fundamental advantages of FHA direct endorsement, VA automatic delegated underwriting authority, multiple warehouse lines, and a reputation for out-performing the competition, we were not only positioned to grow, but committed to doing so successfully.
In each of the last 10 years, the company has grown by 50% or more, and from 2000 until today, each successive year has been better than the last. As the first shockwaves of the financial crisis were felt, the HLS's leadership recognized that the environment was about to change drastically. Since 2008, the mortgage industry has faced challenges from all sides: increased and ever-changing state and federal compliance regulations, rising net worth and capital requirements for lending institutions, a tightening credit market and one of the toughest housing markets our country has seen in decades. It became clear that if we were going to continue to strive to offer the best service possible to our customers, we were going to need to make some changes.
After a long courtship, in 2009 the Home Lending Source took on a substantial private equity investment through the sale of company stock. We focused 2009 on building the foundation we'd need to service a customer base three-times our current size, investing in new end-to-end information systems which would facilitate a more transparent and predictable mortgage process for our borrowers and identifying and hiring a new management team with complementary strengths and expertise in all aspects relevant to our business.
In 2010, our focus has shifted to expanding our geographic footprint, identifying and partnering with the best originators and sales teams. We believe that by creating a more customer-friendly and predictable mortgage process, we can serve our customers better than the competition, and by providing more opportunities for our loan officers, we can attract the best sales people to facilitate the best service possible. We're excited about the new team members who have already joined us and are currently looking for the best of the best from all over the country, including the Mid-Atlantic, Southeast, Southwest and Pacific Northwest regions of the United States.
Through both strong and weak markets and through both stable and unstable times, we have continued to succeed and grow. With an enhanced capital base, continually increasing origination volume, and ever-improving operational speed and efficiency, the HLS is one of the few companies with the tools and experience to take on today's mortgage process in the right way.
The Home Lending Source was founded in the year 2000 by two of Ohio's top mortgage loan originators. Originally known as Consumers Mortgage Corporation of Ohio, we began operating as a small, referral- based mortgage banker in Northeast Ohio. With a commitment to hiring only the industry's best loan officers and operations staff, and with the fundamental advantages of FHA direct endorsement, VA automatic delegated underwriting authority, multiple warehouse lines, and a reputation for out-performing the competition, we were not only positioned to grow, but committed to doing so successfully.
In each of the last 10 years, the company has grown by 50% or more, and from 2000 until today, each successive year has been better than the last. As the first shockwaves of the financial crisis were felt, the HLS's leadership recognized that the environment was about to change drastically. Since 2008, the mortgage industry has faced challenges from all sides: increased and ever-changing state and federal compliance regulations, rising net worth and capital requirements for lending institutions, a tightening credit market and one of the toughest housing markets our country has seen in decades. It became clear that if we were going to continue to strive to offer the best service possible to our customers, we were going to need to make some changes.
After a long courtship, in 2009 the Home Lending Source took on a substantial private equity investment through the sale of company stock. We focused 2009 on building the foundation we'd need to service a customer base three-times our current size, investing in new end-to-end information systems which would facilitate a more transparent and predictable mortgage process for our borrowers and identifying and hiring a new management team with complementary strengths and expertise in all aspects relevant to our business.
In 2010, our focus has shifted to expanding our geographic footprint, identifying and partnering with the best originators and sales teams. We believe that by creating a more customer-friendly and predictable mortgage process, we can serve our customers better than the competition, and by providing more opportunities for our loan officers, we can attract the best sales people to facilitate the best service possible. We're excited about the new team members who have already joined us and are currently looking for the best of the best from all over the country, including the Mid-Atlantic, Southeast, Southwest and Pacific Northwest regions of the United States.
Through both strong and weak markets and through both stable and unstable times, we have continued to succeed and grow. With an enhanced capital base, continually increasing origination volume, and ever-improving operational speed and efficiency, the HLS is one of the few companies with the tools and experience to take on today's mortgage process in the right way.
Doug Reilly
CEO
Doug Reilly, one of the organization's founders, serves as the CEO of the HLS, bringing over sixteen years of experience in mortgage banking to the company. Prior to launching the Home Lending Source, Doug served as a loan officer for ICM Mortgage and Charter One Bank as well as Vice President and a member of the Board of Directors for Union National Mortgage.
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CEO
Doug Reilly, one of the organization's founders, serves as the CEO of the HLS, bringing over sixteen years of experience in mortgage banking to the company. Prior to launching the Home Lending Source, Doug served as a loan officer for ICM Mortgage and Charter One Bank as well as Vice President and a member of the Board of Directors for Union National Mortgage.
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Zubin Nagpal
Vice President
Zubin Nagpal serves as a Vice President at the Home Lending Source with a focus on special projects. Zubin's background in operations engineering brings the HLS further insight into system and process development and integration. Prior to joining the company, Zubin worked as an Economic and Strategy Consultant at CRA International and later with Nine Rivers Capital, an India-based private equity fund, as an Associate/Analyst.
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Vice President
Zubin Nagpal serves as a Vice President at the Home Lending Source with a focus on special projects. Zubin's background in operations engineering brings the HLS further insight into system and process development and integration. Prior to joining the company, Zubin worked as an Economic and Strategy Consultant at CRA International and later with Nine Rivers Capital, an India-based private equity fund, as an Associate/Analyst.
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Ann Jones
Director of Finance and Accounting
Providing accounting consulting services to the HLS since 2003, Ann signed on as the Director of Finance and Accounting in September 2009. Ann began her career as a cost accountant and auditor with Price Waterhouse. After leaving PW, she started her own CPA practice offering accounting, audit and tax services to a diverse client base.
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Director of Finance and Accounting
Providing accounting consulting services to the HLS since 2003, Ann signed on as the Director of Finance and Accounting in September 2009. Ann began her career as a cost accountant and auditor with Price Waterhouse. After leaving PW, she started her own CPA practice offering accounting, audit and tax services to a diverse client base.
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Testimonial |
I liked the fast, professional and courteous service that they provided us. Keep doing what you are doing! |
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John H
(Brook Park , OH)
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