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Topdot Mortgage Adds Jobs At Bethpage Office
April 17, 2008
Jericho, NY- Jericho based national mortgage bank,
Topdot Mortgage, with 525 employees nationwide, has added
jobs to its successful Bethpage office located at 1211
Stewart Avenue.
The Bethpage office is the sixth (6th) of its kind for the progressive mortgage bank in the Long Island region and is
headed by Matt McEvoy. “The key to our success has been our ability and willingness to listen to our clients and
understand their needs. Here at Topdot, we employ hard work with extensive industry expertise. We lead with integrity
and turn challenged loans into the American Dream for real
people”, said McEvoy.
Among the positions that Topdot Mortgage has added include:
telemarketers, IT, recruiters, production assistants, and
processing personnel. In a little over one (1) year, the
Bethpage office has grown to thirty-five (35) members and
has heavily served the local market with its focus on
residential lending.
Topdot Mortgage is a national mortgage bank that funds over
$2.5 billion in residential, commercial and construction
mortgages annually. They can be reached at the Bethpage
office at 1-866-562-6628. For more information please visit
www.topdot.com
Topdot Mortgage Introduces FHA Loans
July 23, 2007
Topdot Mortgage, one of the fastest growing mid-sized
mortgage lenders in the country has introduced a new
product, the FHA loan, to their abundant mix of products
available.
Topdot Mortgage has added FHA Programs in order to offer
competitive financing options to borrowers who fall short of
"conforming" or "sub-prime" guidelines. Whether it be credit
score or tradelines, FHA loans allow for a true "common
sense" approach to underwriting and will offer much lower
rates than most other programs. This is the opposite of
predatory lending. These loans carry low interest rates on
fixed terms and do not allow for prepayment penalties.
From a lender perspective, there are many reasons to
originate FHA loans. Pricing on a 30-year fixed mortgage is
comparable to or better than conforming fixed rates, FHA
loans are fully assumable and allows non-occupant
co-borrowers. Cash out refinances up to 95 percent and no
reserves are required. As opposed to conventional loans, the
down payment required of the borrower can come from a
variety of places including gift funds, employer, a relative
or a non-profit agency.
In addition, FHA loans allow for a six percent sellers
concession on all purchase transactions. Another great
benefit for those with limited or no credit scores because
we can produce alternative non-traditional credit as there
is no minimum credit score.
“We truly believe that when FHA insures your loan, we as
lenders can offer you better and more affordable rates”
say’s Adam Brown, Vice President. If you have been flirting
with the idea of homeownership and never thought it was
possible, think again. If you are looking to refinance and
have recently found the market difficult, an FHA loan may be
the perfect product to help you achieve your dreams.
Long Island Business News - 40 Under 40 Class of 2007
January 26, 2007
David A. Brown is founder and CEO of Jericho-based Topdot
Mortgage, one of the nation’s leading full-service and
privately owned mortgage lenders. He has been applauded for
his leadership and acute business sense, implementing the
company’s vision, business strategy and overall growth.
Topdot, which employs a staff of more than 650 employees
nationwide, uses a client-centric philosophy that sets it
apart from its industry peers. A consumer protection
advocate. Brown is not afraid to speak up on issues such as
truth-in-advertising, product stabibility, tangible benefit
testing, equity stripping and other mortgage abuses that
have affected the sub-prime mortgage industry nationwide.
The culture and atmosphere of the company Brown has created
inspires employees to act as a team to produce quality
results for their clients.
Formerly a residential mortgage brokerage firm when the
company was founded in 1995, Topdot has grown considerably
over the years. In 2002, it entered the mortgage banking
business and doubled its loan volume each year, originating
$2.5 billion in residential mortgage loans in 2005.
Prior to founding Topdot Mortgage, Brown was a bankruptcy
attorney in both Manhatten and on Long Island.
A member of the Countrywide Advisory panel, MBA, NAMB, NYSBA,
and ABA, Brown is also a WMC Pinnacle Partner. He also
serves as an HSBC Advisory Panel Invitee and is part of the
alumni association of the University of Michigan and
Brooklyn Law School. Brown often donates his time to various
charitable organizations, is a frequent contributor to the
Children’s Medical Center and makes time to be a little
league coach.
Newsday - Pursue options before defaulting on mortgage
Newsday Staff Writer - By Tami Luhby
December 24, 2006
If you are falling behind in your mortgage payments, the
first thing you should do is pick up the phone.
"A lot of times it's just a matter of telling your story to
the bank," said Jonathan Pinard, president of the Empire
State Mortgage Bankers Association of New York. "But a lot
of people avoid making that phone call."
Some people worry the bank will immediately foreclose, while
others think their lender won't notice, experts said. Many
don't want to admit to themselves--or others--that they
can't handle their bills.
In fact, this is the worst thing a distressed homeowner can
do. Not only are you increasing the risk of foreclosure, but
you could wind up owing thousands of dollars in interest,
penalties and legal fees, experts said.
Lenders and counselors can help you deal with your missed
payments and avoid foreclosure if your cash flow problems
are temporary and you can afford to keep carrying the
mortgage. If you can't, you should discuss your options with
the bank and a lawyer.
[ Read full article]
Real Estate Weekly - Topdot now expanding presence in New
York
December 6, 2006
Topdot Mortgage, one of the fastest growing mid-sized
mortgage lenders in the country, is expanding it's New York
presence even further with the opening of a 10,000 s/f
branch at 1211 Stewart Avenue in Bethpage, NY.
The newest Long Island branch marks the firm's sixth in New
York State, and 20th nationwide.
"We are experiencing unprecedented growth," reports Adam
Brown, VP of Topdot Mortgage. "In the past three calendar
years, we have seen a tremendous increase in our loan
volume, state licensures and branch openings. It continues
to be an exciting time for our firm."
Topdot, which opened its first full-service Manhattan branch
just last month, has selected its own Matt McEvoy to head
the Bethpage Branch. McEvoy will bring his team of 36
mortgage specialists with him from Topdot's headquarters in
Jericho, NY. He has already hired five additional mortgage
specialist, and expects to grow to 60 specialists by the
first quarter of 2007.
According to Brown, "McEvoy has built a great career at
Topdot, quickly earning himself a position as team manager.
The exceptional leadership and customer service skills that
he exhibited as a manager will make him a highly successful
branch manager."
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Real Estate Weekly - Who's News
November 22, 2006
Topdot Mortgage has appointed Rob Diodato to head up its
Midtown Manhattan office.
Diodato has more than 18 years of mortgage industry
experience, most recently as director of sub prime lending
at New York Mortgage Company. During his previous tenure as
a product specialist with American Home Mortgage, Diodato
created products sold and securitized into the secondary
markets, helping the company grow its yearly funding from $1
billion dollars to more than 40 billion.
--------------------
Mortgage Banking - People
November 6, 2006
Rob Diodato has been named branch manager for the Midtown
Manhattan office of Jericho, New York-based Topdot Mortgage.
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New York Times - What to Look for From Online Brokers
By JAY ROMANO
October 17, 2006
Q. I am a little leery of online mortgage brokers. Should I
be?
A. “The answer to that question is: It depends,” said Adam
Brown, the vice president of Topdot Mortgage (www.Topdot.com),
a direct mortgage lender in Jericho on Long Island.
Mr. Brown said that while the Internet is a useful tool for
gathering information, it is sometimes difficult to
determine a mortgage Web site’s real function.
[ Read full article ]
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AM New York - Time to buy
By Farnoosh Torabi
October 11th, 2006
"Avoid Web-based mortgage entities who say that they screen
lenders up front and make them compete for your business,"
said Adam Brown, of Topdot Mortgage, a mortgage provider
that gives personal loans. "Chances are, they are selling
confidential personal information about you to any lender
willing to pay them a fee."
Also beware of any mortgage lender who tries to steer you to
an alternative or "off-the-shelf" mortgage.
[ Read full article ]
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Newsday - Around The Horn
THE ASSOCIATED PRESS; MARSHALL LUBIN
August 27, 2006
Delgado's slam is grand for LIer
This one's really going to annoy some homeowners with hefty
mortgages.
The Mets listener who won a grand-slam contest worth one
year's mortgage or rent payments lives at home with his
stepmother.
Tim Tripp was watching Tuesday night's game on television,
not listening to the radio, when Carlos Delgado hit a
fifth-inning grand slam. Little did Tripp know at the time,
but that big hit resulted in big bucks for him.
Tripp, 30, of Levittown, won the Topdot Mortgage Grand Slam
Inning contest on WFAN. He learned of his winnings via a
text message from a friend who heard it on WFAN. Because
Tripp lives rent-free, he gets a check for $25,000.
"I told Topdot that I want one of those big Happy Gilmore
checks," Tripp said. "I'll pay some bills, go to Atlantic
City and have some fun."
"It's bittersweet," Topdot vice president Adam Brown said.
"We're happy to have a winner, especially from Long Island.
It's nice to win the game, but not to have to pay out so
much."
--------------------
Long Island Business News
Friday, August 25, 2006
That didn’t take long.
About six weeks ago, Jericho-based Topdot Mortgage struck a
promotional agreement with the Mets: If a Met hits a grand
slam in the fifth inning of a game, a lucky fan receives a
year’s worth of mortgage payments – up to $25,000.
That’s exactly what happened Aug. 22, when Carlos Delgado
hit a grand slam in the Mets’ 8-7 win over the Cardinals.
“I was listening to the radio when it happened,” said Adam
Brown, a vice president at Topdot. “When the bases were
loaded, I had a feeling it was going to get ugly.”
The lucky winner, and Delgado’s biggest fan, is Levittown’s
Tim Tripp.
--------------------
Levittown Man Wins $25,000 Grand Slam contest
Grand Slam Promotion Proves to be a Home Run for Topdot
Mortgage
Jericho, Long Island, N.Y. August 23, 2006 – When New York
Mets slugger Carlos Delgado smashed a Grand Slam in Tuesday
night’s stirring come-from-behind victory over the St. Louis
Cardinals, Tim Tripp of Levittown also became a big winner.
[ Clich here to read press release ]
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Broker Growing and Hiring - Topdot adding 50 jobs
By MortgageDaily.com - August 10, 2006
An East Coast mortgage broker is expanding in the West.
Topdot Mortgage recently announced it will re-establish
Concord, Calif., operations -- where it originally opened in
1999, and expand its Oakland, Calif., office.
Northern California has been identified as a "most
promising" market, the statement said.
The joint moves will result in 20 new mortgage professionals
at the Concord location and 30 additions in Oakland, the
Long Island, N.Y.-based company reported.
Topdot, online at www.Topdot.com, said June year-to-date
volume is up 7 percent from the first half of 2005. For all
of last year, $2.5 billion in originations were reported.
The mortgage broker operates in 38 states through 18 branch
offices, according to the announcement.
In July, Topdot announced it added 65 mortgage specialists
in Boca Raton, Fla.
--------------------
Betting the mortgage on the Mets
Advertising Age - August 07, 2006
By Ken Wheaton
When Jericho, N.Y., mortgage broker and banker Premium
Capital Funding wanted to up its game, it turned to branding
agency Thinkso Creative, and thus was born Topdot Mortgage.
But as everyone knows, it takes more than a name-change and
a new marketing focus to get people talking-especially about
mortgages. So Topdot VP Adam Brown, a life-long New York
Mets fan, couldn't pass up the opportunity to do a promotion
with radio station WFAN and the Amazins.
[ Click here to read press release ]
--------------------
At Mid-Year, Topdot Mortgage Reports Increasing Loan
Activity
Company Expansion Anticipates Further Growth as Industry
Consolidates
Jericho, Long Island, N.Y. (July 17, 2006) -- Topdot
Mortgage, a national mortgage lender based in Jericho, N.Y.,
said today that its loan origination volume grew to $1.315
billion during the first six months of 2006, a seven percent
increase over the same period in 2005. Numbers of loans
closed grew by nine percent.
[ Click here to read press release ]
--------------------
Topdot Mortgage Expanding Jericho Operations
Home Lender Leases Another 3,000sf at HQ Location
Jericho, Long Island, N.Y. July 10, 2006 -- Topdot Mortgage,
a national mortgage lender, announced today it is increasing
its presence at its headquarters location in Jericho, N.Y.
[ Click here to read press release ]
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Topdot Mortgage Expanding Boca Raton Operations
Home Lender Leases Another 5,600sf to Accommodate Growth
Boca Raton, Fla. July 7, 2006 -- Topdot Mortgage, a national
mortgage lender, announced today it plans to hire 65
mortgage specialists at its Boca Raton office within the
next six months, more than doubling its current workforce
from 55 to 120. To accommodate this staff growth, the
company has leased 5,600 square feet of space at 1515 South
Federal Highway for 1 year, bringing its total at that
location to 16,000 square feet.
[ Click here to read press release ]
--------------------
Broker Spotlight: Morphing a mortgage fluke into a
million-dollar business
BrokerNewswire - July 7, 2006
Ever wondered how successful mortgage brokers got that way,
and how they stay in the game regardless of market
conditions? In a new biweekly series, we’ll be sharing the
stories of seemingly ordinary mortgage brokers doing
extraordinary things. We’ll tell you how they built their
shops and explain the unique strategies they use to keep
them going.
In today’s story, we take a look at how Topdot Mortgage
owner David Brown fell into the mortgage industry by
accident and has used his client-centric strategy to drive
his broker/banker business across the country.
[ Click here to read full article ]
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New York Newsday
On June 24th, 2006 Newsday ran an article titled "Borrowers
Feeling The Pinch of Rising Rates" that featured quotes from
the President of Topdot, David Brown. "The best thing
consumers can do right now is not rush into something. I
think there's a lot of scare going on right now." The
article also makes reference to Rocco Pallatto's (A mortgage
specialist in the Jericho HQ) client, Aida Enriquez. She
stood to lose her home during a divorce, but found help
through a refinance with Topdot. [ Click here to read full
article ]
--------------------
In Long Island Business News
The Dotted Line - June 23, 2006
Topdot Mortgage, a Jericho-based lender, received licensing
approval from Iowa’s Division of Banking, making the Hawkeye
state its 38th. The company that entered the mortgage
banking business in 2002 has doubled its loan volume for
each of the last three years, doling out $2.5 billion last
year.
[ Click here to read full article ]
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National Mortgage Company Unveils New Name and Brand
JERICHO, NY, May 1, 2006—Premium Capital Funding has changed
its name to Topdot Mortgage, the company announced today.
The re-branding is a strategic move intended to gain market
share by raising brand awareness and increasing name
recognition.
[ Read more ]
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