Michigan based First Preferred Mortgage Company (FPMC) was founded by brothers Mark and Hale Walker in December of 1992. From humble beginnings as a mortgage broker, the Company has seen unprecedented growth over the past 16 years. Operating with 5 people from the attic of an old JC Penney building the Company now employs over 116 employees in six different locations.
In 1999 the Company began construction of its corporate headquarters in Port Huron Michigan. In April of 2000 FPMC officially moved into its new home. Soon after this move First Preferred Mortgage Co. made the major move in becoming a mortgage bank. As a mortgage bank the Company not only originated mortgages but took control of the decision making along with closing and funding its mortgages.
With growth came the need for good people and the Walkers surrounded themselves with some very good people. 2004 brought an entry into the world of Wholesale mortgage lending. As a wholesale lender FPMC buys third party originated mortgages from mortgage brokers and small banks. After a slow start, Vincent Parlove and his team joined the Company to lead the Wholesale operation to profitable production of over 50 million dollars per month. With lending in over 15 different states the Company is poised to reap the benefits of growth and protection from different market swings individual states may face. Plans to enter several additional states are under way.
2007 brought a new focus on the growth of retail mortgage lending with the addition of the FPMC Call Center. Jim Mack and his team of mortgage professionals operate out of a Southfield Michigan location with the task of internet originated business with a strength of technology and impressive turn times. The online consumer is fully engaged in the process in some cutting edge ways with impressive results.
The future is bright for First Preferred Mortgage Company, its employees and customers. At a time of economic downturn, the Company finds itself growing at an astounding pace. With its Full Eagle and Direct Endorsed Lender with the U.S. Department of Housing and Urban Development, approved lender with the U.S. Rural Development Authority and approvals with Fannie Mae and Freddie Mac the Company is ready for the future.
With all this First Preferred Mortgage Company continues to be a part of its local community. Through community volunteering opportunities, sponsorships and charitable donations the view of the whole team is that without our community we would not be the valuable U.S. business we are today.