Meridan Capital Group closes $11.9b in loans in 2004.Meridian Meridian (mərĭd`ēən), city (1990 pop. 41,036), seat of Lauderdale co., E Miss., near the Ala. line; settled 1831, inc. 1860. Capital Group, one of the nation's leading commercial and multi-family mortgage brokers, has reached an all-time high in its closings of mortgage loans totaling $11.9 billion in loans during 2004, with in excess of $4 billion in its pipeline for 2005. The company has been recognized as the largest originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting of loans for Fannie Mac's MFlexTM product through Independence Community Bank, whose parent entity holds an interest in Meridian. Though much of their business remains in the northeast, Meridian's success is aided by the expansion of the company across the country. In addition to their New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office, the New Jersey, Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). , and Florida offices each brought in substantial numbers, and new offices were opened in Philadelphia, PA and Chicago, IL. Currently, Meridian is working on opening an office in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, giving Meridian higher exposure on the west coast. In addition to expanding outside of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of headquarters, Meridian has worked to increase productivity within its office in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North by expanding both its Capital Markets and Construction. "Our ability to continue growing at this rate is a direct result of our commitment to giving our clients the best possible service. We take pride in making sure that we are completely available to each client regardless of the number of transactions that we are handling," said Ralph Herzka, Meridian's President and Chief Executive Officer. "We also work hard to build and maintain our relationships with lenders, which helps us to execute transactions smoothly. By understanding the needs of both borrowers and lenders, we've built a successful business and a solid reputation." Today, Meridian is comprised of more than 150 underwriters, analysts, and originators. "We are fortunate enough to be in a place where we feel confident that we can continue to serve our existing client base with the same quality of service they have always received, while we focus on gaining market share outside of the northeast," Herzka concluded. |
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