SOURCE: Great Oak Lending Partners

December 20, 2010 10:45 ET

Great Oak Lending Ranked #1 in Maryland for Reverse Mortgages

Second Consecutive Quarter of Largest Reverse Mortgage Production and Volume in the State

TIMONIUM, MD--(Marketwire - December 20, 2010) - 1st Maryland Mortgage Corp. dba Great Oak Lending Partners, a trusted mortgage company and FHA Full Eagle direct lender servicing the Mid-Atlantic region, today announced that it was ranked #1 in Maryland for reverse mortgage production for the fiscal 3rd quarter of 2010.

This is the second consecutive quarter that Great Oak has been ranked #1 in Maryland for reverse mortgage production by RMInsight, the premier provider of data and analysis for the reverse mortgage industry. It has also been recognized as one of the fastest growing reverse mortgage companies nationwide. Great Oak provides traditional mortgages on new homes and investment properties, as well as refinancing and reverse mortgages.

"Over the last year, we have been re-investing Great Oak and working hard to grow our business -- even as the real estate market struggled," said Joshua Shein, president and CEO of Great Oak. "This ranking is a testament to the fact that those investments are paying off."

Great Oak announced recently that it merged with 1st Maryland Mortgage Corp., making the mortgage company a FHA Full Eagle direct lender with the ability to fund up to $25 million a month in loans. The company has three offices in Maryland and operates in seven other states. Great Oak plans to be operating in another seven states by mid 2011.

Last month, Great Oak launched an aggressive local television advertising campaign to showcase the company. For more information or to view the commercial, click here.

About Great Oak Lending Partners
Great Oak Lending Partners is a trusted mortgage company and FHA Full Eagle direct lender servicing the Mid-Atlantic. With strong ties in the industry and community since 2001, Great Oak provides a full-range of mortgage products and services, ranging from refinance and reverse mortgages to financing new homes and investment properties. Based in Timonium, Maryland, Great Oak has originated more than $1.5 Billion in loans and is currently licensed in Maryland, Washington, DC, Delaware, Pennsylvania, North Carolina, Connecticut, Texas, Oregon and Virginia. For more information visit www.greatoaklending.com or www.greatoakreverse.com.

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