The mortgage industry is heavily tied to the real estate industry. Most people don’t realize how intertwined the two are; almost as though one cannot exist without the other. That fact can either be a good or bad thing. It depends on what financial institution is handling the mortgage.
When most people think of mortgages, they associate it with debt. In truth, mortgage financing can be a lifesaver. Thanks to people like Todd Lubar, mortgage banking is no longer a sign of failing finances. Mr. Lubar learned early in his career that mortgages can help better people’s lives.
His first step to making the world a better place was getting a job at Crestar Mortgage Corporation. Lubar was amazed by all the invaluable experience he earned during his short time with the company. He learned a lot about the industry’s current conservative mortgage banking model.
Having learned all he could about conservative mortgage banking, he moved on to an equity position at another company. In 1999, Todd Lubar got a job at Legacy Financial Group. His new role at Legacy afforded him the ability to expand his lending capabilities. He used his new found freedom to broker more unconventional loans and operate as a direct mortgage bank.
Once he’s learned all he could from his equity position at Legacy Financial, he decided to start his own company. In 2002, Lubar founded Legendary Properties as a way of getting back to simple real estate business. Within its first year of operations, Legendary Properties handled more than 200 transactions.
According to Patch, Lubar’s ability to complete such quality products in a timely fashion is thanks to his incredible source of referral business. Those relationships also allowed him to establish multimillion-dollar lines of credit with several major banking institutions. For more details visit Patch.
Despite his love of real estate, it was only a matter of time before he returned to mortgage banking. Now, he uses another of his companies to help the people of Baltimore achieve their homeownership dreams. That’s why he created TDL Venture’s RELIEF program.
See more: https://about.me/todd_lubar