Robert GaccioneDirector of Commercial Lending
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LITTLE FALLS, N.J. (PRWEB) JULY 23, 2019 On Monday, June 17th, the Greater Bergen Association of REALTORS® Care Foundation held their 5th annual golf and tennis outing where participants and sponsors, including NJ Lenders Corp. (lead corporate sponsor), helped raise over $30,000 to be distributed to various charities and non-profits in Bergen County. The event, which was attended by 171 Realtors® and industry professionals, was held at Montammy Golf Club in Alpine, New Jersey. “The GBAR REALTORS® Care Foundation golf and tennis outing has been an event we look forward to attending and sponsoring every year,” said Steve Grossman , Partner of NJ Lenders Corp. and Board of Trustee member of the REALTORS® Care Foundation. “It’s always a great day for us to not only network with members of the GBAR community, but to also raise money for various local charities.” “It is such an honor to able to host members of our community, industry partners, and supporters of the organization in our annual Golf & Tennis outing,” said Annekee Brahver Kelly, 2019 RCF President. “We are so lucky to be able to play in such an outstanding golf course and tennis courts and to have the participation increase year after year.” Since the REALTORS® Care Foundation debuted in 2015, they have awarded over $200,000 worth of grants to 17 local non-profit organizations that help provide food, clothing, shelter, education, and more to families and children in need in the communities where their members work and live. If you were unable to attend the golf and tennis outing, but ...
“Five NJ Lender Corps. Loan Officers Land On Scotsman Guide’s Top Mortgage Originators List for 2018”
Little Falls, NJ (PRWEB) April 10, 2019 Scotsman Guide’s Top Mortgage Originators list of the nation’s top-producing mortgage professionals is one of the industry’s most distinguished list of its kind, and NJ Lenders Corp. is proud to announce that five of their Mortgage Loan Originators have been listed as Top Originators for 2018. Chris Gallo , Justin Bonura , Steve Grossman , Walter Gorman , and Mark Casamassina have all been recognized in the tenth annual Top Originators rankings. The list includes originators who have closed the most dollar volume and the most loans, as well as top leaders in niche areas, like Federal Housing Administration, U.S. Department of Veterans Affairs and U.S. Department of Agriculture loans, as well as home equity lines of credit. “We are extremely proud of the five individuals named to the Scotsman’s Top Originators list and congratulate them on this significant achievement,” said Glenn Durr, President of NJ Lenders Corp. “All of them have been recognized by the Scotsman Guide in previous years and their continued success is a testament to their hard work and the diligence of their teams. I am certain that their dedication to the needs of their clients will enable them to attain this honor again this year.” The Top Mortgage Originators list will be featured in the April 2019 residential edition of Scotsman Guide, but you can also check the official rankings at Scotsman Guide's Top Mortgage Originators 2018. TO READ FULL PRWEB PRESS RELEASE PLEASE CLICK HERE
LITTLE FALLS, N.J. (PRWEB) January 21, 2019 NJ Lenders Corp . is pleased to announce that the Greater Bergen Association of REALTORS®, REALTORS® Care Foundation has recently declared that in 2018, they gave $67,000 in grant monies to 15 different organizations in Bergen County. The foundation has raised money annually to help provide support to those in need, and to help improve the quality of life in the communities where their members live and work. “I am proud to be the president of the REALTORS® Care Foundations,” said 2018 CARE Foundation President Annekee Brahver-Keely. “We are an organization who grants money to those who need it the most. I promise to continue to look for more ways to fundraise and provide support to local organizations that share our passion to improve the communities where our members live and work.” Since the start of the REALTORS® Care Foundation in 2015, they have awarded $215,800 worth of grants to 17 local non-profit organizations who provide food, clothing, shelter, education and much more to families and children in need. “Having been involved with the organization since the beginning, it’s truly amazing to see the amount of money that has been raised and the number of people we have positively impacted in such a short period of time,” said Steve Grossman, Partner at NJ Lenders. The Greater Bergen Association of REALTORS®, REALTORS® Care Foundation 2018 grant recipients include: Alliance Against Homelessness, Family Promise of Bergen County, Boys & Girls Clubs of Lodi/Hackensack, Center for Food Action, ANJEC, Center for Hope and Safety, ...
It wasn’t a sure thing but the Federal Reserve did in fact raise the Federal Funds rate today by 0.25 percent, which will affect interest rates for a variety of credit transactions such as credit cards and automobile loans while at the same time announcing there will no longer be any predictions regarding rate moves for the following year but did indicate two more rate increases are likely. The Fed Funds rate moved from 2.25 percent to 2.5 percent. At the very beginning of 2018, Fed Chair Powell announced that we could expect four separate 0.25 percent rate increases by the end of 2018. So far there have been three such rate increases with the final one coming today. There was some change in expectations over the past few weeks whether or not the Fed would actually go through with the promise to make four rate bumps in 2018. This came on the heels of recent Fed comments that the economy might not be ready for another rate increase and that it’s not a given. Specifically, he stated that rates are “just below” the range Fed officials consider “neutral.” A neutral rate is one that doesn’t stimulate the economy nor slow it down with higher cost funds. Further, Fed comments also indicate that rate increases in 2019 might slow down to only two. The Federal Reserve’s Federal Open Market Committee, usually referred to as the FOMC, hold two day meetings about every six weeks and the last meeting of 2018 concluded today. One of the main responsibilities of the Fed is to control the cost of money. This is attempted by adjusting the Federal Funds rate. The Fed Funds rate is the rate banks charge one another for ...
LITTLE FALLS, N.J. (PRWEB) SEPTEMBER 18, 2018 NJ Lenders Corp. has recently been recognized as one of “New Jersey’s Top Mortgage Bankers and Brokers” by NJBIZ Lists , based upon 2017 total mortgage amount. The company was ranked 3rd on the list, and 1st for New Jersey based lenders with 3,315 New Jersey loans, and a total mortgage amount of over $1.2 billion dollars. “We are honored to be recognized as one of the state’s top lenders,” said Glenn Durr, President of NJ Lenders. “We are fortunate to have a group of seasoned professional loan officers and support staff that enable us to provide our client’s with great products and service.” Founded in 1991, NJ Lenders now has 11 offices with 8 of them located in the Garden State including Little Falls, Hoboken, Ho-Ho-Kus, Mahwah, Manalapan, Morristown, Shrewsbury, and Toms River. The recognition from NJBIZ is a great honor, as they are well-known throughout the state for its events honoring New Jersey’s top business professionals. NJBIZ is New Jersey’s leading business journal, producing a weekly print edition with a circulation of more than 15,000 copies. They also provide 24/7 business news coverage through their website and multiple daily e-newsletters. About NJ Lenders Corp. Founded in 1991, NJ Lenders is a leading NJ-based residential mortgage banker that is privately owned and licensed. The company currently originates first mortgage loans in NJ, NY, CT, PA, VA, MD, and FL. With 11 offices and over $25 billion in closed mortgage loans, many of their Mortgage Loan Originators are ...