In California, ""BluFi Lending"":www.blufi.com/ is continuing its expansion. The direct home loan lender recently announced the opening of a new branch in Walnut Creek, which represents BluFi's third office in the state.
[IMAGE]The latest location will be led by manager Mario Vargas, who will head up a team of mortgage bankers, processors, and back office staff.
[COLUMN_BREAK]Vargas and his team will be responsible for servicing the company's clients throughout the region.
""The best way for us to help consumers and real estate professionals is by increasing our capacity to handle home loans, and this new office does just that,"" said John Lee, BluFi Lending's president and CEO. ""We manage everything in house, from processing and underwriting to funding, so we can provide the best rates and fastest closing times in our office areas.
""Mario and the team at Walnut Creek have done a great job expanding into the Bay area, and we can now deliver excellent BluFi service to more customers. Additionally, we plan to start servicing loans in 2013,"" added Lee.
BluFi noted that Vargas is rapidly building a team of loan purchase producers to facilitate 24-hour underwriting and fast funding turnaround. Commenting on the company's growth, BluFi cited low mortgage rates as the catalyst behind the steadily increasing demand for loans.