Mortgage Business Entering Indiana Market

Posted: Updated:

A Missouri-based company is expanding in Indiana. A spokesman with Midwest Mortgage Capital LLC tells Inside INdiana Business its new Carmel office could hire up to 20 loan officers by the end of next year. Editor's Note - The original post stated the 20 loan officers would be hired this year. The company has notified us that the plan to potentially hit that hiring target by the end of next year.

September 20, 2013

News Release

INDIANAPOLIS, Ind. - Midwest Mortgage Capital announces the addition of its new branch office in Carmel, Indiana that will serve customers in the broader Indianapolis area. The new office supports the company's effort to expand nationally. The Carmel-Indianapolis branch is one of three new offices opening this year along with locations in Minneapolis and Kansas City, Kansas. Eric Covington, a 15-year veteran of the mortgage industry in Indianapolis, has been named the branch manager.

"Midwest Mortgage Capital is well-positioned to grow as we continue to enter new markets and add new capabilities," said Jerry Frost, President. "The investment we've made in our systems and technology has been attracting the attention of highly skilled mortgage professionals like Eric Covington who are looking to join a growing operation."

Over the last decade, the company has grown to one of the largest regional independent mortgage bankers and is now doing business in more than 15 states. Part of the growth of the company can be attributed to its efforts to attract small lenders and originator teams and fold them into the company. Midwest Mortgage Capital is focused on bringing better customer service, accountability and philanthropy to the mortgage industry. Since its inception in 2001, the company has funded over $5 billion in home loans.

Eric Covington is responsible for leading company operations in the Greater Indianapolis area and brings a wealth of mortgage industry experience to the Midwest Mortgage Capital team. He leads the company's lending initiative for veterans through several strategic development efforts at the U.S. Department of Veterans Affairs. Throughout Covington's many years in residential lending, he successfully managed a renovation and investment company specializing in revitalizing historic "GI Homes." In addition to his involvement in real estate transactions in the U.S., Covington has advised buyers and sellers in the Caribbean with structuring the financing investment properties in that area.

Eric holds dual bachelor's degree in International Business Administration and Marketing from University of Florida/Florida International University and a Master's Degree in Fine Art from the International Fine Arts College.

About Midwest Mortgage Capital:

Midwest Mortgage Capital (MMC) was founded in 2001 in St. Louis by industry veterans who wanted to challenge how traditional mortgage companies do business by better educating and empowering their clientele. Wanting to retain as much control over each of its transactions as possible, MMC quickly gained the ability to originate and underwrite a wide array of loans in-house and delivered superior service and turn times to its originators. For more information about the company and its recent expansion, please visit www.midwestmortgagecapital.com or call (800) 803-9910.

Source: Midwest Mortgage Capital LLC