Being one block away from Main Street isn’t stopping mortgage banker Evesham Mortgage from aspiring to become the township’s Main Street lender. The five-year-old company this month moved into new offices at Plaza 70, doing its part to revitalize the under-utilized shopping center while hoping to attract walk-in clients from busy Route 70 and the adjacent neighborhoods.
“This marks a reinvestment in the community. The shops at Plaza 70 have been a destination for township residents for nearly three decades, so we very much wanted to become an anchor there, and at the same time fulfill a need that was missing in the neighborhood,” said Rick Brown, Evesham Mortgage president and CEO.
Indeed, Evesham Mortgage’s ties to the town for which it is named run deep. Brown, a 41-year resident, is well known for coaching local high school football and his involvement in his twin children’s sports programs. He has been a member of the St. Joan of Arc Parish for 40 years. His partner, Robert Kelley, COO, a 22-year Evesham resident, is also a familiar face in the Township. He is heavily involved in the Marlton Recreation Council, and has coached a variety of sports over the last 15 years. Kelley also serves as vice president of the Marlton Business Association.
“We’re proud to call Evesham home, and through coaching and other community activities we think of everyone in town like family,” said Kelley. “We committed to Evesham when the company was named, and now we’ve put down solid roots here.”
Evesham Mortgage’s new 4,400 square foot office, which replaces its 2,200 square foot headquarters on South Maple Street, is on the west end of Plaza 70, in a storefront that has been vacant for over 12 months.
The vast, newly renovated space is reflective of the company’s steady growth. Since April, 2011, Evesham Mortgage’s total loan volume has increased dramatically, from $24 million per year to a projected $96 million in 2013.
Meanwhile, the mortgage banker just added three new consultants, bringing to 17 the total number of employees. According to Joe Cordova, a partner and mortgage advisor, the new staff were necessary to handle an uptick in applications, as fence-sitting buyers view the recent spike in interest rates as an impetus to move on a home purchase.
“Prospective buyers were lulled into complacency by historically low rates, but as soon as those rates started to rise, that was a wake-up call that now was the time to move, before rates increase again,” Cordova said.
Although the new office had its soft opening on July 8, a formal ribbon cutting and celebration is planned for Aug. 28, from 4-7 p.m. The public is invited.
About Evesham Mortgage
Established in 2008, Evesham Mortgage is a licensed mortgage banker offering a wide variety of mortgage products including several Government sponsored loan programs designed for First Time Home Buyers and repeat buyers, as well as 203(k) rehab loans and jumbo loan programs. For more information on purchase or refinance transactions, call (856) 985-9944 or visit www.EveshamMortgage.com.