Leader Mortgage Company, Inc. is a privately held mortgage lender that was founded in 1986 in Massachusetts. The company provides residential, conventional and Jumbo mortgages throughout eastern Massachusetts. In 1998, Leader Mortgage Company financed over $365 million in residential mortgages. While the company has made a name for itself in the financing of low and moderate income families, Leader also has a private lending division that specializes in providing financing for residential construction loans. Recently, Leader has financed several new construction loans as high as $1.5 million in communities such as Brookline, Winchester, Lexington and others. Leader Mortgage Company is a Fannie Mae, Freddie Mac and FHA approved lender. Leader Mortgage Company also participates in the City of Boston’s “House Boston” program and is an approved MHFA lender.
Loans Funded by Leader Mortgage Co.
- Home Equity Loans
- Refinance Mortgages
- 2nd Mortgage Loans
- Debt Consolidation Loans
- Home Equity Lines of Credit
- Bad Credit Mortgage Loans
When Sushil Tuli started Leader Mortgage Company in 1986, he faced the challenges inherent in starting a new company–as well as other unique challenges. As a recent immigrant to this country from India, Tuli found that initially it is was difficult to be taken seriously by the mainstream banking and real estate communities.
In time, Sushil Tuli’s ideas about reaching out to the immigrant community began to receive attention from his competitors and secondary mortgage market investors. During the early 1990′s, Fannie Mae was developing a strategy to address the home financing needs of new and growing immigrant communities throughout the country. Fannie Mae saw what Tuli was doing, and soon he was appointed to Fannie Mae’s Regional Advisory Board for the New England Region, where among other projects, Tuli worked with Congressman Joseph Kennedy’s office to spearhead a pilot effort to keep multi-family mortgages within reach of low- and moderate- income buyers.
Recent Leader Mortgage Co. News
Today, Leader Mortgage Company has grown into a formidable competitor in the mortgage lending industry in Massachusetts, and Sushil Tuli has also assumed a greater role with in the industry. He was recently named Chairman of the Massachusetts Mortgage Bankers Association, the largest association of mortgage lenders in New England.
Fannie Mae, the nation’s largest investor in home mortgages, announced that it has awarded Leader Mortgage Company, Inc. its annual Technology Leadership Award for the Northeast Region.
“Each year, Fannie Mae presents an award to one of our approved lenders to recognize their leadership and excellence in the use of technology in the origination and processing of residential mortgage loans,” stated Fannie Mae’s Technology Director Rosemary Maieron-Norwood. “At Fannie Mae, we feel that the use of technology such as Desktop Underwriter and other similar programs by lenders provides quick loan approvals for customers and decreases the cost of obtaining a loan. Customer service and the use of state-of-the-art technology go hand-in-hand, and this award to Leader Mortgage Company acknowledges their leadership in this area.”.
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