Hanover lender joins mortgage cooperative Baltimore...

Industry Watch

July 14, 2002

Hanover lender joins mortgage cooperative

Baltimore American Mortgage Corp., based in Hanover, has joined Lenders One Mortgage Cooperative, a national alliance of independent mortgage companies.

Lenders One is the nation's first fully managed mortgage cooperative. The St. Louis-based cooperative now has 27 member companies, originating $15 billion a year in single-family mortgage loans.

"The recent consolidation and mega-mergers in the mortgage industry have threatened the existence of many independent mortgage companies," said Scott Stern, president and founder of Lenders One.

"By banding together, our member companies are able to run more efficiently, productively and profitably, allowing them to compete in what's become a highly aggressive market."

News in brief

Long & Foster Real Estate Inc.

announced its top listing and selling agents for June. Clarksville-River Hill: Anne Cristaldi producer/lister; Keith Walker top seller. Columbia: Jean Legal top producer; Terri Westerlund top seller; Joan Ward top lister. Columbia Midtown: Barbara Seely top producer/lister; Mel Quecan top seller. Ellicott City: Jim Bimstefer top producer/lister; Mary Jane Macgill top seller. Howard County at Waverly Woods: Elaine Northrop top producer/seller; Creig Northrop top lister and the agent with the most new listings. Annapolis: Charlie Buckley top producer/lister/seller. Annapolis Downtown: Linda Patterson top producer/lister; Joyce Mallery top seller. Crofton: Mary Wagner top producer/seller; Jeff Lowman top lister. Deale: Bill Whitman top producer/lister/seller. Fort Meade/Odenton: Todd Combs top producer; Cleo Baxter and Charles Brown top team and top sellers; Carol Little top lister. Pasadena: Rich Kuhn top producer/seller; Bob Steele top lister. Severna Park: Tim Blanchfield top producer/lister; Peggy Stancavage top seller.

Caton Realty

announced that Mike Gary was named the top volume, transactions, resale units and listings leader June. Duncan and Heather Peek won the top team awards for all categories.

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