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Mortgage Trading Group
41 Clayton Street
Asheville, North Carolina 28801-2427
Mortgage
Trading Group Inc. was founded on August 30, 1993
by Jack and Vickie Leachman. Both were born in Memphis Tennessee.
Jack
had worked for ten years at other mortgage banking companies.
Vickie had worked a municipal bond firm for several years.
At that time, mortgage companies were mostly large, national
businesses staffed by an aggressive sales force. Jack and
Vickie envisioned a mortgage company with a personal touch.
After several years of slim profits, Jack and Vickie decided
to restructure the company by firing the sales force and
generating business by advertising Mortgage Trading Group’s
rates and points. The idea was and still is a success and
the company has profited nicely from its beginning in 1993.
In the early 90s, as interest rates dropped to the lowest
levels in 20 years, Mortgage Trading Group’s business
continued to grow. The computer systems it had installed
as late as 1990’s helped the company handle the growing
volume of business. Artificial intelligence systems developed
within the company also helped to speed loan approvals.
In addition, computer systems allowed Mortgage Trading Group
to become one of the first loan providers in the area to
offer electronic approvals. Today, Mortgage Trading Group
is consistently ahead of the competition in introducing
automated mortgage products to it’s clients.
In 2000, "mortgagetrading.com" was launched and
a new avenue of business was provided for the company as
consumers and business partners realized the value of the
World Wide Web. Today Mortgage Trading Group derives about
5 percent of its loan origination business from the Internet
via our Web site.
Mortgage Trading Group’s two founders are still very
much a part of the mortgage banking business today. Jack
Leachman remains Mortgage Trading Group President and Vickie
Leachman remains Treasurer.
Krista
Pialet joined Mortgage Trading Group in 2000 and is the
main point of contact after the initial application. Our
clients consistantly comment on her courteous and friendly
manner. She is a definite asset to Mortgage Trading Group.
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