Fannie Mae Honors Leader Mortgage Company of Arlington, MA., with Technology Award.
Leader Mortgage Company Leads Way In Computer-based Mortgages
ARLINGTON, Mass. - Fannie Mae, the nation's largest investor in home mortgages, today announced that it has awarded Leader Mortgage Company, Inc., of Arlington, MA., its annual Technology Leadership Award for the Northeast Region.
"Each year, Fannie Mae presents an award to one of our approved lenders to recognize their leadership and excellence in the use of technology in the origination and processing of residential mortgage loans," stated Fannie Mae's Technology Director Rosemary Maieron-Norwood. "At Fannie Mae, we feel that the use of technology such as Desktop Underwriter and other similar programs by lenders provides quick loan approvals for customers and decreases the cost of obtaining a loan. Customer service and the use of state-of-the-art technology go hand-in-hand, and this award to Leader Mortgage Company acknowledges their leadership in this area."
Making the award to Sushil K. Tuli, President of Leader Mortgage, was Maieron-Norwood, Ellie Cornfeld and Roselyn Colburn, Marketing Directors of Fannie Mae. "We are really proud of this award. It recognizes Leader's employees for their continuing effort to be technically savvy. I really have them to thank for this," comments Tuli. Mindful of how important technology will be in the lending business, Tuli is preparing Leader Mortgage for the future by focusing on how new technological applications can improve his company's delivery of the highest customer service. Specifically, Tuli is examining how his office can improve in terms of utilizing the Internet, networking, incorporating laptops in the origination of new loans, and new Fax-On-Demand options for product marketing and customer assistance.
Leader Mortgage Company, Inc., a privately held mortgage lender, was founded in 1986, provides residential conventional and Jumbo mortgages throughout eastern Massachusetts. In 1998, Leader Mortgage Company financed over $365 million in residential mortgages. While the company has made a name for itself in the financing of low and moderate income families, Leader also has a private lending division that specializes in providing financing for residential construction loans. Recently, Leader has financed several new construction loans as high as $1.5 million in communities such as Brookline, Winchester, Lexington and others. Leader Mortgage Company is a Fannie Mae, Freddie Mac and FHA approved lender. Leader Mortgage Company also participates in the City of Boston's "House Boston" program and is an approved MHFA lender.
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