Topdot Mortgage Gains License in Iowa
Home Lender Now Serving Borrowers in 38 States
Jericho, Long Island, NY (June 23, 2006) -- Topdot Mortgage, a national mortgage lender, announced today that it has received licensing approval from Iowa’s Division of Banking as a residential lender in the state.   The approval brings the total number of states in which Topdot is licensed to 38.

David Brown, founder and CEO of Topdot, commented, “We believe that Iowa economy is very healthy and last month’s National Association of Realtors report showed that first-quarter home price increases in the Waterloo/Cedar Falls market were stronger than nearly every other U.S. market.  So it looks like our timing is very good.  We look forward to building many strong client relationships as we help individuals and families determine and obtain the financing they need in the years ahead.”

The Company offers a broad range of residential mortgage products directly to homeowners and new homebuyers.  Types of loans include fixed-rate and adjustable rate mortgages (new purchases and refinancing) on primary residences, second/vacation-homes and investment properties.  Topdot also provides home equity loans and lines of credit, debt consolidations, zero-down payment and 100-percent financing, jumbo loans, interest-only loans and other options to accommodate clients’ specific needs.

Topdot employs a client-centric philosophy that truly sets it apart from most of its industry peers.  The Company rejects the too-common industry practice of training sales representatives to peddle specific high-profit products, speed through the application process and otherwise seek shortcuts in order to maximize volume at the expense of a borrower’s best interests.  Rather, Topdot originates loans and builds client relationships through a careful process of determining each potential borrower’s true needs -- through extensive interviews and analysis -- and then suggesting the right kind of financing to meet those needs.