McLean’s East West Mortgage Announces Major Growth, Expands Space & Hires More...

McLean’s East West Mortgage Announces Major Growth, Expands Space & Hires More Staff in VA, MD & NJ to Serve National Client Base

Leading Broker Prepares for Its Rapidly Growing Hispanic & Internet Divisions


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Tysons Corner, VA–(HISPANIC PR WIRE)–June 14, 2005–East West Mortgage, the nation’s 7th largest mortgage broker, is expanding its U.S. headquarters in Tyson’s Corner, as well as its Silver Spring, MD, and Exchange Place-Jersey City, NJ, locations. After nearly 20 years in the business, this expansion marks an exciting time for the mortgage company as its Internet and Hispanic divisions – which often work in tandem – are growing steadily and require more staff and office space.

In addition to the 25,000 square feet of office space at its corporate headquarters in McLean, East West Mortgage is acquiring another 13,000 in Tysons Corner, an additional 4,000 square feet at its Silver Spring location, and 3,500 more square feet at its Exchange Place, NJ, office. The company is planning to hire 120 more employees for these locations and is looking for qualified applicants. JC Jimenez, East West Mortgage’s vice president of sales and head of the company’s Hispanic Division, is taking on the additional role of general manager of the company’s expansion team and will help with the transition and growth strategy.

Doug Bui, founder and CEO of East West Mortgage, realized early on that developing the company’s Internet and Hispanic Divisions would play a vital role in achieving corporate success. “When I set my roots down in Northern Virginia nineteen years ago, my vision was to build an innovative mortgage company that offered world-class customer service and had the ability to cater to any type of client by providing the widest array of loan programs in the industry”, says the company’s Vietnamese-born leader.

“East West Mortgage realized that dream not only by encouraging our staff to identify and service untapped markets, but also by focusing on employee development and retention. As a result, we have grown from just three to more than 400 employees. I’m committed to the Washington, DC, area and take great pride in both expanding our headquarters here as well as along the East Coast as our Internet and Hispanic Divisions gain even more momentum.”

East West Mortgage’s growth is the result of insightful planning. As an early-adopter of the Internet to target a diverse national audience, the company continuously strives to make its website as user-friendly and functional as possible. Clients can check rates, apply for a loan, and get approved all within minutes via the Web. Additionally, East West Mortgage has grown to become the leading mortgage provider to the Washington, DC-area’s Hispanic community. The rapid growth of its Hispanic Division over the past five years is due, in large part, to East West Mortgage’s unparalleled variety of competitive loan programs and growing team of bilingual staff members.

This winning combination of a strong Internet presence and the capability to serve the mortgage needs of the Hispanic community has helped East West Mortgage steadily boost its revenues and leadership position within the mortgage industry. The company’s knack for noticing “sweet spots” in the marketplace has enabled it to thrive over the years despite housing downturns. With a confident future outlook, East West Mortgage is poised for continued growth and is now looking for more of the right staff to help fulfill the company’s mission: “Your best mortgage, guaranteed.”

About East West Mortgage

Headquartered in the Tysons Corner, VA area of the metro-D.C. region, East West Mortgage has grown from three employees in 1986 to more than 400 employees. They were recently named Broker Magazine’s 7th largest mortgage company and handled more than $1.2 billion in loans last year. East West Mortgage is a leading-edge broker and works with hundreds of banks to offer customers the most competitive rates on thousands of loan programs. With licensing in 44 states, East West Mortgage helps a variety of consumers nationwide, regardless of credit history or financial status, by providing 24/7 service via the Internet or phone. And, East West Mortgage reaches out to a diverse consumer base by offering loan services in seven languages, with a strong focus on the Hispanic community. Committed to customer service, East West Mortgage strives to be their clients’ mortgage consultant for life and gives credit counseling and guidance throughout the home buying process. From a customer’s first contact with a loan professional to closing, East West Mortgage is dedicated to the mission: Your best mortgage, guaranteed. Su mejor financiacion, garantizada.

For more information or to apply for a loan, go to http://www.ewmortgage.com or call 1-800-844-1015.

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CONTACT:

Media:

Heidi S. Cobert

440.309.5703

or

Corporate:

Mauricio Becerra

703.891.4540

McLean’s East West Mortgage Announces Major Growth, Expands Space & Hires More Staff in VA, MD & NJ to Serve National Client Base