SAN RAMON, Calif., Sept. 20, 2022 (GLOBE NEWSWIRE) — Dave Herbst, Vice President, All In One Loan Finance, of CMG Financial, has been honored as a 2022 HousingWire Insider. [HousingWire] The Insiders award spotlights industry professionals who are critical to the performance and success of their organizations,” writes Lesley Collins, Program Manager for HousingWire’s Editor’s Choice Awards. Dave has been recognized for his unparalleled contributions to the growth of All In One Loan™ and his dedication to educating industry professionals, borrowers, realtors and trustees on the impact of the mortgage and the need for this type of innovation.
A key difference separating CMG Financial from other lenders is our proprietary products like the All-in-one loan – a unique line of credit with integrated banking services that helps borrowers reduce the size and cost of their mortgage more quickly and safely, without changing their budget and without relying on favorable interest rate cycles. In fact, the All-in-one loan has helped countless homeowners pay off their mortgages sooner and save tens of thousands of dollars in interest.
Dave, a 19-year veteran of the company, took over the management of the All-in-one loan in 2018. At the time, it was worth $20 million in monthly production. Through Dave’s expansion and development efforts, the All-in-one loan is now doing well north of $100 million in monthly fundraising and is on course for its biggest year in 2022 since the program’s inception in 2005.
Recently, Dave also led the creation and recently launched All-in-one loan product designed specifically for Texas Homestead mortgage borrowers. Now Texas borrowers can use the All-in-one loan to finance their primary, secondary and investment homes – mirroring how homeowners and buyers can qualify for the loan in all other states in the United States
“As Vice President of All-in-one loan finance at CMG Financial, Dave Herbst is an invaluable member of the team,” Collins writes. “Without Herbst, this growth would not have been possible.
While interest rates are the biggest influence on production for most lenders, Dave and CMG Financial appear to be several steps ahead of the game, addressing the concerns of everyday Americans that often go far beyond their mortgage. CMG and its partners are in a unique position to help, especially in the current environment. In Dave’s own words, “The all-in-one loan is not just another mortgage, but a solution to the mortgage itself. It has the power to improve the financial health of a nation, a household at a time.”
“It’s clear that this year’s winners are driving strong growth within their organizations and have the metrics to underpin their successes,” Collins writes. “Congratulations HW 2022 Insiders!”
To compare loan scenarios and calculate your mortgage prepayment, try CMG All-in-one loan simulator.
About CMG Financial
CMG Financial is a well-capitalized private mortgage banking company founded in 1993. The company makes its products and services available to the market through three distinct origination channels, including retail loans, wholesale loans and correspondent loans.
CMG Financial currently operates in every state, including the District of Columbia, and holds federal agency loan approvals with HUD, VA, RHS, GNMA, FNMA, and FHLMC. Throughout the mortgage and housing markets, CMG Financial is widely known for its responsible lending practices, industry and consumer advocacy, product innovation and operational efficiency.
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Image 1: Dave Herbst, Vice President, AIO Finance
CMG Financial’s Dave Herbst named 2022 HousingWire Insider
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Dave Herbst, Vice President, Finance AIO