Silverton News

Silverton Mortgage Specialists, Inc. -- We are NOT Silverton Bank
We have received several calls and emails from our clients and industry partners concerning the recent news reports about the lawsuit the FDIC recently brought against several former officers and directors of a bank named "Silverton Bank," which ultimately failed in 2009. Please be assured that Silverton Mortgage is not associated, affiliated, or related in any way with Silverton Bank.
We are very sorry for any confusion and hope that the news reports have not caused you any concern regarding the work we have done together or the services we perform. If you have any questions, please do not hesitate to contact us.

 
Silverton Mortgage Specialists, Inc. Earns Spot in Inc. magazine's Top Fortune 5000 Fastest-Growing Privately Owned Companies
For the first time, Silverton has earned a spot in Inc. magazine's annual ranking of the top 5,000 fastest-growing private companies in America!  Silverton is positioned at #1,019 of the top 5,000 companies and ranked #49 in our industry. 


Silverton is pleased to share this distinction with previous alumni such as Zappos, Intuit, Microsoft, Patagonia and others.  We're very proud to have earned this recognition and plan on working our way up! 


 
Silverton Mortgage Specialists, Inc. Awarded Atlanta Business Chronicle's Pacesetter Award for Second Consecutive Year
For the second year in a row, Silverton Mortgage Specialists, Inc., a locally owned and operated residential mortgage lender, has been awarded an Atlanta Business Chronicle's Pacesetter Award as one of the Fastest Growing Privately-Owned Companies in Atlanta. This year, Silverton moved to number 19 of the 50 companies recognized. Honored for outstanding growth over the past two years at the April 15th breakfast awards ceremony, Silverton was proud to be listed among Atlanta's top producing companies. The Atlanta Business Chronicle's Pacesetter Awards recognize promising privately-held companies headquartered in the Atlanta metro area that have experienced the most rapid growth in the preceding two-year period, 2008 to 2010. The Atlanta Business Chronicle ranks businesses using a growth index formula that incorporates weighted variables such as total revenue ($1 million-$300 million), revenue growth rate over time, and number of employees.
Silverton exhibited significant growth, increasing its revenue 425% in the past two years. Silverton's President, Josh Moffitt, credits this growth to people, product and business process. Silverton's correspondent lending platform, allows the company to access rates from multiple banks and investors, offering more products and more competitive rates to their customers. Silverton manages everything in-house, from application to closing, ensuring better communication, better service and faster closing times.
Recognizing the rapidly changing mortgage industry, Moffitt says, ''We acted proactively to the changes in the mortgage industry and consumer laws putting procedures in place and getting our staff up to speed with the new laws and requirements so that they could continue to grow production.''

 



Silverton Mortgage Specialists' Loan Originators Win 2010 Gold Awards from Mortgage Bankers Association of Georgia

Four Silverton Mortgage Loan Originators received Gold Awards from the Mortgage Bankers Association of Georgia (MBAG). Recognized for their achievements:
• Platinum Award Winners
• Jasmine Krnjetin, Loan Originator NMLS 116216
• Josh Moffitt, Company President NMLS 109958
• Gold Award Winners
• Gareth Thomas, Branch Manager Marietta NMLS 177403
• Lori Beardslee, Branch Manager Woodstock NMLS 169631
To qualify, a loan originator must have closed a minimum of $10 million during the current calendar year while employed by an MBAG member company. The breakdown on award categories:
• Gold $10M-$24.9M or 100 units
• Platinum $25M-$49.9M or 200 units
• Diamond $50M or 400 units.
Award winners must have earned five Gold Award credits by attending seminars, luncheons, local chapter meetings, educational summits, convention classes, etc., and have contributed $100 to the Good Government Fund, MBAG's political action committee (PAC). Donations are made to candidates who support the interests of our industry.


Silverton Mortgage Receives Atlanta Business Chronicle's 2010 Pacesetter Award for Fastest Growing Private Companies
Silverton Mortgage was recently named one of Atlanta's fastest-growing privately held companies by Atlanta Business Chronicle. The Atlanta Business Chronicle annually publishes a list of the top 50 companies within the community based on revenue and employee growth over a two-year period. Even in tough economic times, Silverton was among companies in the Atlanta metro that grew by more than 50% during the last two years; and that increased their staff. Among the mortgage companies honored, Silverton placed as the company with the most growth.
According to the Business Chronicle, qualifying companies had to be privately owned, based in the 20-county metro Atlanta area and not be a subsidiary of another company. Companies had to be established in the first quarter of 2006 or earlier, and have 2008 revenue between $1 million and $300 million. The companies are ranked according to a growth index formula, which is used to even the field among companies of different sizes.
Silverton's President, Josh Moffitt, attributes the company's growth to its decision several years ago to develop its platform as a correspondent lender. Moffitt explains, ''We started as a correspondent lender when the industry as a whole did not realize the merits of embracing extra responsibility in transactions. By developing the correspondent lending foundation, which keeps the entire process internal while still accessing rates from multiple banks and investors, we have been able to give our clients the most competitive products, improve communication, and speed up processing times. While the industry itself is shrinking, Silverton has continued to grow by attracting the most talented sales and office staff in the southeast.''


Josh Moffitt, Silverton President, Honored - 2010 Business to Business Top 25 Entrepreneurs
Silverton Mortgage Specialists, an Atlanta-based mortgage lender, announces that its President, Josh Moffitt, was selected by Business Leader Media's Business to Business as one of the Top 25 Entrepreneurs in Atlanta. Partnering with accounting firm Gifford, Hillegass & Ingwersen, Business to Business compiles the Top Entrepreneurs list each year, recognizing those who are leading Atlanta's business community and who significantly contribute to Atlanta's entrepreneurial community. Selection is based on companies' total revenue growth, growth, sustainability, and entrepreneurship.
''The entrepreneurial spirit runs strongly throughout my family and I've worked to carry that spirit to Silverton. Silverton has always respected the opportunities that the Atlanta area and the community's dynamic entrepreneurial spirit have provided to us. We're very honored to have been recognized with this award.''
An entrepreneur who knows the value of customer service, Moffitt takes pride in having developed the correspondent lending platform which keeps the entire process in-house, providing clients with more competitive rates, lower costs, and faster closings. Moffitt is a firm believer that having confident, talented decision makers is a huge part of the company's success; his clients will tell you that his demeanor, honesty and personal attention made all the difference in their mortgage experience.

Archived News

Silverton Mortgage Specialists, Inc. and Josh Moffitt, Silverton President, Receive ''Top Gun'' Honors from Georgia Association of Mortgage Professionals
For the fourth consecutive year (2005-2008, 2009 not yet listed), Silverton Mortgage Specialists, Inc. has earned recognition as a ''Top Gun-Top 20 Residential Mortgage Brokers'' by the Georgia Association of Mortgage Professionals. GAMP names the top producing members of the association based on loan volume of 25 million dollars or above. During 2008, Silverton originated more than 75 million total dollars of residential loans in Georgia, placing them in the top four state producers.
In addition, company president Josh Moffitt was also listed for the fifth year (2005-2009) as a ''Top Gun-Top 25 Residential Loan Officers.'' To qualify for this distinction, Moffitt originated more than 30 million total dollars of residential value, placing him sixth among all honorees.
''We're proud that we received these accolades once again this year,'' said Moffitt. ''We continue to build our business on referrals and our commitment to our customers, so we are especially pleased because this means that our customers appreciate the personalized service and mortgage products that we offer to them.''


Silverton Celebrates 10 Years in Business 1998-2008, with a Year-Long Giving Campaign
Calling the 2008 campaign ''10 Years of Success-10 Ways of Giving Back,'' Silverton Mortgage Silverton put into action a year-long fundraising, direct donation and volunteer campaign as a way of sharing their success with the Atlanta community.
''We believe that giving back to our community is a big part of what it means to be really successful,'' says company Founder and President Josh Moffitt. ''We couldn't have been successful without the support of our staff and our community. This is our way of giving back.''
Activities to aid local non-profits included a fundraiser for the Atlanta Pet Rescue, adopting a park through Park Pride, adopting and working with a family from Burma through the International Rescue Committee, Zaban Night Shelter Coat Drive, a volunteer program for employees resulting in more than 350 volunteer hours, direct donations pledging a $100 donation for the tenth loan of each month to the customer's charity of choice, and more. Moffitt has set a leading example--he has been the Volunteer Night Supervisor at Temple Zaban, Atlanta's only couples' shelter since 1999, coordinating and serving meals. He has also served as Vice President of the Midtown Business Community. And, he has been the driving force behind and personally coordinated all of Silverton's fundraisers since their inception.



• Silverton Mortgage Specialists Moves to New Location: 1027 Monroe Drive, NE, Atlanta, GA


• Silverton Mortgage Specialists Gives Back to The Community Raising More than $10,000 for My House