The Mortgage Outlet (TMO) is a California based mortgage banker which specializes in home loans in Arizona, California, Colorado, Florida, Idaho, Minnesota, New Mexico, Nevada, Oregon, Utah and Washington. Founded in 1992, TMO began as a single retail branch headquartered in San Jose, California. TMO now has ten retail branches and a wholesale lending division with projections for further expansion in the near future.

Our reputable practices and strategic growth policies have allowed TMO to become a well-established and highly-respected mortgage banker. As a result, TMO has developed correspondent and bulk acquisition relationships with many other leading investment organizations. These relationships include divisions of Countrywide Home Loans, Wells Fargo Home Mortgage Services, and Credit Suisse First Boston.

TMO has sales and operations staffs which are experienced and knowledgeable in conforming, non-conforming, jumbo, Alt A, Subprime, and all other aspects of mortgage lending. Superior customer service and prompt attention to underwriting, preparation of loan documents, and funding are a priority at TMO which is evident by the number of repeat business and referrals we receive from our customers.

The owners and senior management of TMO have extensive background and experience within the mortgage industry. The co-owners Joe Petkewich and Jerry Greer have been with TMO since the beginning. The Director of Wholesale, Aron Thielen, joined TMO in 2002, and Don Revelo came aboard as the Secondary and Operations Manager in 2003. Average time in the business for this group is over fifteen years. This level of expertise has allowed us to successfully serve borrowers and brokers while staying in step with the changes in the lending industry and the economy.

The business plan for 2005 calls for annual volume of approximately $325 million. It is expected that originations will come equally from the retail and wholesale channels. The mix of business is expected to be primarily owner-occupied first mortgage loans equally split between purchase and refinance transactions. As opposed to the “A” paper origination trend of 2002 and 2003, TMO expects 70-75% of its volume in 2005 to be delivered to Alt A and Subprime investors

BRANCHES:
SCOTTSDALE ARIZONA     CAMPBELL CALIFORNIA     CARLSBAD CALIFORNIA     SAN JOSE CALIFORNIA     ORANGE COUNTY     LAKEWOOD COLORADO     MINNETONKA MINNESOTA     LAS VEGAS NEVADA     PORTLAND OREGON     SEATTLE WASHINGTON