The Story of US
Company Background
US Mortgage Corporation was founded by Steven A. Milner in September 1994, as a New York State Registered Mortgage Broker serving the New York metropolitan area with its main concentration on Long Island. In 1998, the company obtained a New York State Mortgage Banking License and operated under the dba Mortgage Concepts. The company then and now primarily focused on purchase money transactions and refinances. Its loans were and continue to be negotiated through highly competent referral based Mortgage Loan Originators.
While the collapse of the sub-prime market and corresponding Banking crises affected all businesses in the United States, US Mortgage was able to make it through the crises totally unscathed versus its peers and is a true survivor. US Mortgage’s critical decision to not fund even one sub-prime loan as a lender proved to be extremely insightful.
In the 4Q07, US Mortgage made a paradigm shift to transform the company from a one-dimensional business serving mainly New York, to a multi-dimensional Mortgage Banking company conducting business nationwide. In that same year, US Mortgage began implementing a new expansion plan that would meet the new realities of the post sub-prime crisis Mortgage Industry. The new plan allowed US Mortgage to expand its business by obtaining Mortgage Banking licenses throughout the country. This contributed to the development and opening of full service and sales branch offices, which allowed the company to expand its sales footprint outside its existing sales territories. In addition, the company received its FHA Full Eagle approval allowing it to act as a FHA Direct Endorsed Lender, its USDA Rural Loan Approval, and VA Approval.
In January 2011, the company made another strategic change to revert back to its original name, US Mortgage Corporation, thus dropping the dba Mortgage Concepts. This move was done in an effort to create a more nationally recognizable brand that is more appropriately aligned with the company’s expansion initiatives.
Industry Reputation
US Mortgage’s strong reputation transcends all levels of its business. Since the main driver of sales is referral based an honest diligent approach to its business is required. US Mortgage also prides itself on proper disclosure to all clients and each department is heavily involved with maintaining Federal and State compliance and regulatory controls.
US Mortgage consistently maintains a very well respected reputation for Mortgage Banking knowledge, technology, efficiency, professionalism, fairness, respect and ability to innovate for its clients.
Ownership Structure
US Mortgage is 100% privately owned by Mr. Steven A. Milner, the Founder & CEO. Mr. Milner has nearly 3 decades of experience in the Mortgage Industry. Mr. Milner is actively involved in the day-to-day operations of each department in the company and has assembled a team of dedicated and highly skilled Mortgage Banking professionals.
