Most people don’t think of mortgage financing and banking as a helpful tool. Usually, the subject is portrayed as something used during times of desperation, which banks use to take advantage of desperate people. In some cases, that is true. But generally speaking, mortgage banking is very helpful when the right people are involved.
One of the most generous experts in the business is Todd Lubar. Mr. Lubar’s always loved helping others. So, when he got his first job in finance, he realized he could use the industry to other’s benefits. From that point on, he decided to dedicate himself to learning all he could.
He started working at Crestar Mortgage Corporation as one of their loan originators. The work seemed to come naturally to him, allowing him to quickly pick up on conservative mortgage banking models. Later in his career, he would discover this to be an invaluable asset.
Deciding he’d learned enough from Crestar, he moved on to Legacy Financial Group. He took an equity position at the company in 1999. His new role at Legacy allowed him to expand his lending capabilities. He learned a lot about brokering loans with outside investors and lending as a direct mortgage bank. For more details visit LinkedIn to know more.
Todd Lubar stayed with Legacy Financial for about three years before moving to real estate. In 2002, he opened Legendary Properties, LLC. Being his first step in real estate, Todd started the business out as a residential development company. Even though it was his first time on his own, his company managed to buy, fix up, and sell over 200 properties in its first year.
Thanks to his numerous relationships with experts in all trades of the business, he was able to complete all his projects in a timely manner. This also enabled him to establish multimillion-dollar lines of credit.
Over his 20-year career, he noticed an underserved market. To help those struggling to get loan approval, he launched TDL Venture’s RELIEF program. It’s designed to remove the many obstacles people face when trying to get much-needed loans.