| Mortgage
Trading Group
41 Clayton Street
Asheville, North Carolina 28801-2427
Mortgage
Trading Group Inc. was founded on August
30, 1993 by Jack and Vickie Leachman. Both were born in Memphis Tennessee.
Jack
had worked for ten years at other mortgage banking companies. Vickie had
worked a municipal bond firm for several years. At that time, mortgage
companies were mostly large, national businesses staffed by an aggressive
sales force. Jack and Vickie envisioned a mortgage company with a personal
touch.
After several years of slim profits, Jack and Vickie decided to restructure
the company by firing the sales force and generating business by advertising
Mortgage Trading Group’s rates and points. The idea was and still
is a success and the company has profited nicely from its beginning in
1993.
In the early 90s, as interest rates dropped to the lowest levels in 20
years, Mortgage Trading Group’s business continued to grow. The
computer systems it had installed as late as 1990’s helped the company
handle the growing volume of business. Artificial intelligence systems
developed within the company also helped to speed loan approvals. In addition,
computer systems allowed Mortgage Trading Group to become one of the first
loan providers in the area to offer electronic approvals. Today, Mortgage
Trading Group is consistently ahead of the competition in introducing
automated mortgage products to it’s clients.
In 2000, "mortgagetrading.com" was launched and a new avenue
of business was provided for the company as consumers and business partners
realized the value of the World Wide Web. Today Mortgage Trading Group
derives about 5 percent of its loan origination business from the Internet
via our Web site.
Mortgage Trading Group’s two founders are still very much a part
of the mortgage banking business today. Jack Leachman remains Mortgage
Trading Group President and Vickie Leachman remains Treasurer.
Krista
Pialet joined Mortgage Trading Group in 2000 and is the main point of
contact after the initial application. Our clients consistantly comment
on her courteous and friendly manner. She is a definite asset to Mortgage
Trading Group.
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