The group at Trump Financial, began its formation in 1991 as a mortgage broker under the name Meridian Capital LLC. Located in Brooklyn, New York, the company experienced great success in establishing relationships with individual borrowers. In the beginning, the company was comprised of a handful of loan officers and built its reputation one loan at a time. With little or no advertising budget, Meridian, now Trump Financial, began to generate significant volume from an unsurpassed referral base. The company's greatest achievement is in the high end of the market. Our foothold in areas such as Lower Manhattan, Downtown Brooklyn, Nassau County, South Florida and Westchester began to blossom and the target of the company became high end loans. Trump Financial is currently expanding to key urban markets throughout the country broadening its loan origination footprint.
As the company grew in size and volume, the natural progression required that Trump Financial apply for a lender license. In April of 2002, a new corporation was formed in order to fulfill its objective of becoming a mortgage banker. Currently, Trump Financial is licensed as a mortgage lender in twelve states and has three pending applications. In addition, Trump Financial is HUD approved.
Together with his staff, Trump's Managing Member, David Brecher, has established himself as one of the premier mortgage lenders on the East Coast, and one of the fastest growing mortgage lenders in the U.S. Trump Financial abides by its core values and philosophy of gaining market share while establishing a reputation of providing the best service, low rates and highest level of integrity.
Licensed Mortgage Banker/Lender: New York, New Jersey, Florida, California, Connecticut, District of Columbia, Massachusetts, Pennsylvania, Maryland, Arizona, Minnesota, Illinois and Virginia.
Licensed by the Virginia State Corporation Commission - License
No. MLB-1155
Illinois Residential Mortgage Licensee - License No. MB.6759290
Licensed by the State of California Department of Corporations:
License Number 603 A126 (CA Finance Lenders Law)
License Number 603 9627 (CA Finance Lenders Law)
License Number 413 0922 (CA Residential Mortgage Lending Act)
Licensed by the Maryland Department of Labor, Licensing and
Regulation - License Numbers: 8623 & 17340
Trump Financial's services at a glance:
Accelerated pre-approval
In-house underwriting
Closing on your schedule
Zero-point mortgages
Rate buy-down options
24-hour commitment
Highly personalized service
Below market interest rates
Trump Financial offers expertise in:
1-4 family homes
Condominiums and PUDs
Co-ops
Mixed use loans
Second home mortgages
Investment property loans
Trump Financial programs include:
First-time home buyer
Fixed rate mortgages
Adjustable rate mortgages
Jumbo and Super Jumbo loans
Construction loans
High loan-to-value options for investment properties
Second mortgages
Home equity loans
Debt consolidation consulting
106% Financing available
No doc loans
Damaged credit programs available
Trump Financial has established relationships with real estate attorneys, developers, financial planners and accountants throughout its lending footprint, by offering its mortgage services and products to their clientele. Trump Financial continues to expand on its current mortgage business's referral base.
Loan Products
Trump Financial focuses primarily on the A+ / Alt A / A- products such as no income verification, stated income, no doc, interest only products, and all types of adjustable and jumbo loans. Trump Financial lends to borrowers with a minimum FICO score of 580. Loans with scores lower than a FICO score of 580, classified as B grade credit or below, are table funded relying on the underwriting of a third party investor.
In addition, Trump Financial offers loans saleable to FNMA and FHLMC buyers for purchase as well as refinancing transactions. Standard FNMA underwriting procedures will be used to determine the borrowers' creditworthiness.
Secondary Market
Trump Financial closes loans under its name, utilizing its warehouse lines of credit, then sells loans on a flow basis into the secondary market. The Company continues to develop its secondary marketing division through bulk sale opportunities, which will lead to significant pricing improvements. Also, Trump Financial continues to broker loans to banks and other lending institutions, when appropriate and when pricing is adequate.
