Gold Star Mortgage Financial Group has expanded again. Derek Fertig, the branch manager of its new Ft. Lauderdale, Florida branch has achieved an average of $4 million per month in mortgage originations. With this accomplishment, Fertig has surpassed the coveted $100 million mark for career mortgage originations, putting him well on track to be in the top 200 originators in the United States by year's end.
"I am very pleased by the recent numbers and I hope to improve upon those as the housing market continues to improve. With every client I shop through 80 banks and lending partners to find the best available rates and products. The bottom line is that I want to give the customer the best deal while making the process as easy and streamlined as possible. I work really hard at trying to promote good business," said Fertig, a former Marine Sergeant who was previously the top producing loan officer with America's Mortgage Professionals and with Ace Mortgage Funding, both of Ft. Lauderdale. Remarking on why he believes he has achieved such a high volume, he opined, "Our free float-downs policy means if rates improve during the process I will move clients to a lower interest rate at no cost; by doing this we can offer the best possible financial service."
Speaking from company headquarters in Ann Arbor, Michigan, CEO Dan Milstein, the #1 Loan Officer in the United States, added: "We are very pleased that Derek is on our team. We aim to be a first-class mortgage firm, and part of that goal is recruiting first class originators like Derek."ABOUT GOLD STAR
Composed of four divisions (mortgage lending, insurance sales and financial planning), Gold Star lays claim as a full service, cutting-edge, national firm. The mortgage lending division, the oldest part of Gold Star, has originated billions of dollars in loans throughout its history. Gold Star has 350 employees serving thousands of clients in over 20 states, and was recognized by Inc. Magazine as one of the fastest-growing privately held companies in America, ranking #349 overall and #14 in the financial services industry.
For more information on Derek Fertig and Gold Star Financial, or for open commentary, industry perspectives, and interest rate updates visit www.goldstarflorida.com or call toll free at (877) 301-7912, or visit Gold Star on Facebook and Twitter.
Hard working, aggressive, relentless and honest.. Derek has achieved a lot at a young age. If you are able to conduct business in person, it is very apparent why. Having a diverse background, he prides himself being able to relate to virtually all of his clients on a personal level and making them feel comfortable and confident in his abilities, and putting their trust in him
Born in Washington, DC, Fertig is a Pittsburgh, Pa transplant who grew up just outside the old steel producing city. Straight from High School, Derek enlisted in the United States Marine Corps. He was promoted to every rank meritoriously through extreme efforts and dedication, along the way putting together an equally impressive resume of accomplishments. Derek earned the "Marine of the Quarter" for 6 consecutive quarters and "Marine of the Year" in 2001 while being stationed in Quantico, Va. Enjoying success early in his career Fertig says he "quickly learned that in order to accomplish what he desired, he had to lead by example, and set the bar."
Derek says he takes pride in setting goals and achieving them. Fertig is commonly regarded as one of the highest rated originators in the State of Florida, as well as across the nation. Over the past 6 years alone, and at previous financial institutions that Fertig has been employed by, he was ranked #1in the entire company, one of which was home to 1400+ originators during the "mortgage boom". Derek attests his success and achievements to hard work, sacrifice, integrity, and most importantly having a great team surrounding him. Currently, Derek is ranked the #1 mortgage originator in the State of Florida, and #159 in the United States by Scotsman Guide. In 2010 he originated over 200 mortgages in excess of $60,000,000 in volume.
Derek says that he values each opportunity to bring on and work with new clients, and service his existing and repeat clients alike, stating that having a passion for finance and loving what he does makes it enjoyable for him.
Gold Star Mortgage Financial Group currently stands as one of the top mortgage brokerages in the United States, and the 3rd largest lender in Michigan. INC. 500 lists Gold Star as one of the fastest growing, privately held companies nationwide. Within the last year and a half alone Gold Star has opened 6 new branch offices in 4 states, acquiring great market share. Gold Star has grown to over 250 employees total, thriving in a financial job market that is dwindling as a whole. Gold Star Mortgage Financial Group operates 13 branch offices in 5 states and is licensed to originate mortgages in over 20 states. Since 2005, revenues have increased 730% and Gold Star Mortgage Financial Group is currently closing over a billion dollars in loans annually.
Gold Star Mortgage Financial Group of Ann Arbor, Mi., was recently recognized on the Inc. 500 list as one of the fastest-growing privately held companies in America. They rank #349 overall and #14 in the financial service industry. Most impressively, based on volume and revenue, they are the #1 Mortgage Broker in the country.
In an industry that has lost over 65% of its work force since 2005, Gold Star Mortgage has achieved a 712.8% growth rate compared to negative percentages in a stagnant lending market. This percentage more than quadruples the median financial industry growth rate of 128.6%.
"Because of the current state of the economy, 354 banks and lenders have been forced to close their doors within the past three years," said Daniel Milstein, CEO of Gold Star Mortgage Financial Group. "The hard work and dedication of each Gold Star employee has made our company a success."
Of all Michigan-based corporations, Gold Star ranks #2 overall based on revenue and #4 based on growth percentage.
Within the past three years the rapidly growing, Michigan-based company has opened additional offices and has expanded lending to 14 states. Currently they employ more than 248 people. According to Milstein, Gold Star hopes to eventually serve their clients in all 50 states.
To view the full 2009 Inc. 500 list and for additional information on Gold Star Mortgage Financial Group's ranking visit www.inc.com.