ROCHESTER, NY, November 9, 2021 / PRNewswire / – The New York StatePremium Mortgage Corporation mortgage lender named fastest growing company in Rochester speak Grand Rochester Chamber of Commerce. The company was on hand to receive the highest honor at the Grands Rochester Chamber Top 100 Awards on Thursday, November 4, at the Floreano Convention Center downtown Rochester.
Premium Mortgage Corporation, which was founded in 1999 by Mike Donoghue and Alexia Barbarossa, was also named number one mortgage lender in Rochester, ahead of local lenders like ESL Federal Credit Union, Canandaigua National Bank & Trust and M&T Bank. While the award marks the company’s tenth appearance on the Top 100 list in 21 years, it is the first time it has held the top spot.
“To be named the fastest growing company in Rochester is incredibly humble and a testament to our talented team and their dedication to our clients in this community and beyond, ”said Alexia Barbarossa, Executive Vice President and COO of Premium Mortgage Corporation. “I am so proud that as our business grows, we continue to provide our clients with an exceptional mortgage experience, making them feel comfortable, informed and well taken care of. “
To be eligible for the Greater Rochester Chamber Top 100, companies must be private and have their headquarters in all nine counties Grand Rochester/ Finger Lakes region, and have won at least $ 1 million of sales for each of the last three financial years. With a compound annual growth rate of 33.5% between 2018 and 2021 and close more $ 1.5 billion in loans during its last fiscal year, Premium Mortgage Corporation experienced a significant increase in new customers and loan production.
“Our growth over the past few years has been focused primarily on purchase mortgages, and we are significantly ahead of our competitors to this extent,” said the president of Premium Mortgage Corporation, Mike Donoghue. “Staying on track and focusing on what got us here continues to be a recipe for success, and I think this honor really illustrates that.”
The veteran-owned company has a team of more than 240 employees in its 12 offices. Premium Mortgage Corporation is also a long-standing partner of several local nonprofits, including the Boys & Girls Club of Rochester and Camp Stella Maris.
About Premium Mortgage Corporation
Based at Rochester, New York, Premium Mortgage Corporation Serves Upstate Residential Real Estate Markets new York, Florida, Vermont, Massachusetts, Connecticut, Pennsylvania, Ohio, Texas, and Nebraska. Since opening in 1999, the company has over 240 employees and attributes its success to matching mortgage financing to the needs of individual clients, while providing excellent customer service to real estate agents in the community. For current mortgage news, please visit: www.premiummortgage.com and follow Premium on Facebook, LinkedIn and Instagram.
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