Corridor Mortgage Group was founded in 2000 by Jerry and Michelle Rader. With a visionary leadership, Corridor Mortgage Group has successfully anticipated the challenges facing the mortgage banking profession.
Ron Mason an industry veteran joins the Executive Management Team.
Corridor begins the conversion to mortgage banking by adding its first warehouse line.
Corridor obtains its license to expand into Delaware.
FHA Direct Endorsement and VA Automatic underwriting test cases are completed such that 99% of all originated loans are underwritten in-house.
Additional warehouse lines are added to facilitate growth.
Corridor gets licensed to originate in Pennsylvania.
Warehouse line capacities are increased along with beginning hedging. Strategies that allow “best execution pricing” so loan originators can maintain a competitive edge and minimize “investor overlays “. AOT and mandatory delivery loan sales begin.
In-house Home Valuation Code of Conduct (HVCC) compliance without utilizing a national appraisal companies. Net-worth is expanded to levels exceeding amounts suggested by HUD, FDIC, FNMA, and FHLMC.
Executive Management Team is expanded with the addition of Tom Hollerbach as Sr. Vice President to manage the growth of production, and Sean McNulty to manage growing operations. Corridor Mortgage Group obtains its Seller/Servicer agreement with FHLMC. Baltimore Business Journal names Corridor as one of the largest mortgage lending firms in the Baltimore area for 2010.
Licenses expand into New Jersey, with New York, and North Carolina pending. Baltimore Business Journal names Corridor as one of the largest mortgage lending firms in the Baltimore area for 2011.
Seller/Servicer agreements with FNMA and GNMA are received. Licenses expand into Colorado, New York, and North Carolina. Baltimore Business Journal names Corridor as one of the largest mortgage lending firms in the Baltimore area for 2012.
Corridor expands further into the southern market with licenses in South Carolina, Georgia, and Florida.
Corridor gets licensed to originate in Tennessee.
Corridor continues its growth with new licenses in Alabama, Arizona, and Texas.