Orange County, Calif.-based ClearVision Funding, a wholesale mortgage banker, managed to close $3 billion in loans in the past three years — a benchmark the company considers significant since it began the closings in the midst of the 2010 housing slowdown.
But 2014 is projected to reap an even bigger profit, with the firm expecting to close another $3 billion in loans next year alone. In addition, the staff is projected to grow to more than 400 by the end of next year.
"We are extremely proud of the accomplishments of CVF," said Jon Maddox, president of ClearVision Funding. "As we move into 2014, we are committed to and focused on the wholesale lending space where we consider ourselves to be experts and are prepared to make market adjustments as necessary."
Since relocating its Southern California headquarters to a lager facility in November of 2012, the company has already outgrown its initial 21,000-square-foot space and now occupies an additional 35,000 square feet.
