As a division of Finance of America Mortgage LLC, we are an approved direct Seller-Servicer for Fannie Mae, Freddie Mac, and an FHA and VA Approved Securitizing Lender. In 2016, our company closed almost $18 Billion in closed loan volume. Our parent company is licensed in 50 states and is one of the largest non-bank owned mortgage originators in the United States. We’ve been rated a Top Ten Lender five years in a row (#9 in 2017) by Scottsman Guide when rating 120 lenders nationwide based on numerical statistics. All our processing, underwriting and funding is done in house by our experienced staff. We’re a Direct Equal Housing Lender serving with Integrity established in 1989!
Other significant industry accomplishments and contributions:
- The founder of Bixby Knolls Mortgage, Tom Borcich MLO 263869, has been a guest speaker for the California Department of Real Estate’s First Time Buyer Housing Outreach Program.
- Tom contributed to content for testimony on behalf of the State of California during hearings held by the U. S. House of Representatives, Financial Services Committee on increasing Fannie Mae and Freddie Mac Loan Limits for the state in 2008. These higher loan limits are still in effect today and helped save the Southern California real estate market from more drastic declines. In addition, Tom was actively involved with U. S. Senate amendments relating to mortgage regulations in the Dodd-Frank Consumer Protection Act passed into law in 2010.
- Tom has also served as a Officer, Director and Government Affairs Regional Vice Chair for the California Association of Mortgage Professionals. The association is a nonprofit organization providing education to mortgage industry members, establishing and promoting high industry standards and working to increase consumers’ understanding of mortgage banker/broker services and loan products.
- Also, Tom was appointed to an advisory committee for the Los Angeles County Community Development Commission’s Mortgage Credit Certificate Program (MCC) to advise on improvements to the program. Tom was also responsible for completing an MCC Presentation Manual that was adopted by the Community Development Commission for countywide lender training.