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Topdot Mortgage opens new Long Island office.


Topdot Mortgage has announced that it is increasing its presence at its headquarters location in Jericho, NY. The company has signed a five-year lease for 3,000 s/f at 125 Jericho Turnpike turnpike, road paid for partly or wholly by fees collected from travelers at tollgates. It derives its name from the hinged bar that prevented passage through such a gate until the toll was paid. See also road. , for the establishment of a new origination office headed by Company veterans Joseph Tucciarone and Dan Montenegro.

The expansion increases Topdot's presence at the property to 35,000 s/f, with 225 employees.

Topdot, which recently announced it had received licensing approval in its 38th state--Iowa--and expects to enter several more states this year, now operates out of five locations in the 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.
 tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. , with a total of 375 employees in the region.

The Company has a total of 18 offices nationally.

Topdot Vice President Adam Brown Adam Brown may refer to:
  • Adam M. Brown (1826–1901), former Mayor of Pittsburgh, in the United States of America
  • Adam G Brown, English politician from Crawley, West Sussex
  • Adam Brown (1826-1926), Canadian politician and merchant
 commented, "We believe very much in giving opportunities to talented people, and Joe and Dan really earned this. We are confident that they will be very successful in helping us to continue growing our business. In an industry that is pulling back and closing doors, Topdot keeps looking ahead."

Topdot offers a broad range of residential mortgage products directly to homeowners and new homebuyers. Types of loans include fixed-rate and adjustable rate mortgages This article is about the US mortgage type. For an international perspective, see Variable rate mortgage.

An adjustable rate mortgage (ARM) is a mortgage loan where the interest rate on the note is periodically adjusted based on an index.
 (new purchases and refinancing) on primary residences, second/vacation-homes and investment properties. Topdot also offers other financial options to accommodate clients' specific needs.
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Publication:Real Estate Weekly
Date:Jul 19, 2006
Words:219
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