McLean Mortgage Corp. Closes $1.5B in Volume in 2012

""McLean Mortgage Corporation"":http://www.mcleanmortgage.com/, a privately held full-service mortgage lender based in Fairfax, Virginia, announced that the company closed more than $1.5 billion in mortgage volume in 2012, a 140 percent increase in production levels over 2011.

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McLean president Nathan Burch credited the company's strong performance to its expanding sales force and superior service throughout the refinance boom--especially with regard to purchase loans.

""While much of the industry focused upon refinances which ran at over 70 percent of total industry volume for the year, McLean Mortgage Corporation was able to average more than 40 percent purchase volume in 2012,"" Burch said. ""Our ability to hold underwriting turnaround times for purchase transactions to an average of 48 hours throughout 2012 was a key contributor to this success.""

McLean CEO Pat Peavley said more growth is on the horizon for 2013 as the firm prepares to open its first office in Maryland.

""We already have demand coming from the State of Maryland as our reputation for delivering great service has spread throughout the entire Washington Region,"" Peavley said.