Salt Lake City, UT, January 19, 2012 --(PR.com
)-- Meritage Management (Meritage, www.meritagemanagement.com), a national residential mortgage investment and banking firm, today announced a new initiative to assist Asian-Americans in more easily gaining access to commercial finance and achieving the dream of Home ownership.
The initiative includes a sustained outreach effort and the hiring of two mortgage professionals, Steven Ng and Ginny Wang, to interface and provide advice to individuals and entities in targeted communities in the Salt Lake City metro region. They were chosen for their industry experience, language skills and ties to underserved communities.
David McDonnell, President of Meritage Management, said, “Asian-Americans have contributed to our country in many ways, and our initiative is designed to address some of their unique needs in adapting to our cultural and economic norms. Steven and Ginny’s background and expertise in the mortgage industry are ideally suited to working with and assisting Asian-Americans achieve the American dream of purchasing and owning one’s own Home.”
McDonnell went on to detail some of their experience. Mr. Ng previously served as a branch manager for a competing mortgage firm, where he supervised and instructed a team of loan originators with his extensive knowledge of various loan products. While there, he achieved a consistent sales volume of $2.5 to $3 million in loan originations.
Ms. Wang has spent nearly 10 years working in the mortgage industry as a loan originator specializing in FHA, conforming and non-conforming refinances and new Home purchases. She has prepared customers’ loan packages, interacted with attorneys, and handled the paperwork and coordination necessary to close loans.
Mr. Ng and Ms. Wang will work together to identify needs, prepare campaigns and provide solutions to ensure Asian Americans receive every opportunity to own their own Homes, gain access to commercial finance sources and achieve upward social mobility in our society. Meritage’s initiative will also go beyond Home ownership and commercial finance by encouraging prudent financial planning and lifelong education.
For more information, please contact Kelley McDonnell at 801 889 2343, or write Meritage Management, 542 East 100 South, suite 210, Salt Lake City, Utah, 84102.
About Meritage Management
Founded in 1992, Meritage Management (Meritage), a licensed mortgage investment and banking firm, is comprised of more than 180 mortgage professionals lending in 27 states. The company, previously named in the Inc. 500 list of the fastest growing companies in the United States, provides residential mortgage financing to a wide variety of consumers and real estate professionals.
David McDonnell, an attorney, is Principal and President of Meritage. Previously, he served as a financial analyst of mortgage-backed securities at Citicorp Investment Bank.