Overview
Intercoastal Mortgage, LLC is a leading provider of residential mortgage financing solutions, primarily serving the Mid-Atlantic region. Headquartered at 11325 Random Hills Road, Suite 600, Fairfax, VA 22030, the company was established in 1987. It has developed a strong reputation for assisting clients with home purchases and refinancing through a variety of loan options and exceptional customer service.
Services Offered
Intercoastal Mortgage provides a diverse range of mortgage products designed to meet the unique needs of its customers. These offerings include:
- Conventional, Non-Conventional, VA, FHA, USDA, Jumbo, Super Jumbo, Construction, Renovation, and Bridge Loans.
- As a direct lender, Intercoastal processes, underwrites, and closes loans in-house, ensuring a streamlined and efficient client experience.
Key Metrics
- Years of Experience: Over 35 years in the industry
- Loans Processed: More than 100,000 loans
- Home Loans Financed Annually: Exceeding $1 billion
Leadership Team
- Ed Dean: Chairman and Chief Executive Officer
Role: Oversees overall operations and the strategic growth of Intercoastal Mortgage.
Location: Fairfax, VA
- Josh Burruss: Executive Vice President and Chief Lending Officer
Contact: (571) 266-6502
Role: Instrumental in shaping the loan process from initiation to closing.
Location: Fairfax, VA
- Mya Tran-Harter: Senior Vice President, Construction Lending and Senior Loan Officer
Contact: (703) 364-5644
Achievements: Named 2024 Mortgage Professional of the Year by The Home Builders Association of Virginia.
- Chris Clark: Senior Loan Officer
Contact: (571) 266-6556
Location: Washington, DC
- Cindy Cyr-Bishop: Senior Loan Officer
Contact: (571) 266-6535
Location: Fairfax, VA
Customer Experience
Intercoastal Mortgage is praised for its high ratings and positive testimonials from clients. The company boasts a 4.6 rating on its Facebook page with commendations for responsive communication, personalized service, and expert navigation of complex mortgage processes.
Testimonials
- "Intercoastal Mortgage's team was attentive, responsive, and extremely knowledgeable." – Tara Clarke
- "They went above and beyond to help us with our refinancing goals." – Ann Groat
Strategic Goals and Industry Standing
Intercoastal Mortgage is dedicated to expanding its reach and enhancing its product offerings through strategic partnerships and innovative marketing strategies to connect with future clients. Recognized as one of the largest independent residential mortgage lenders in the Mid-Atlantic, the company holds a significant presence and influence within the industry.
Competitor Analysis
Overview
Intercoastal Mortgage, LLC stands out in the residential mortgage industry through competitive pricing and advanced loan programs. The company has been a market participant for over 35 years, assisting clients in achieving home buying and refinancing goals from its base in Fairfax, Virginia.
Top Competitors
1. PennyMac Financial Services, Inc.
- Position: Third largest mortgage lender and sixth largest mortgage servicer in the U.S. (2019).
- Headquarters: Westlake Village, California
- Revenue: Approximately $3.71 billion in 2020.
- Offerings: Includes 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, FHA loans, VA loans, ARM loans, and jumbo loans.
2. Huron Valley Financial, Inc.
- Location: Ann Arbor, Michigan
- Specialties: Residential mortgage credit and financial advisory services.
- Established: 1997
3. Alpha Mortgage Corporation
- Location: Wilmington, North Carolina
- Founded: 1983
- Reputation: Known for in-house processing, underwriting, closing, and funding services.
4. Mortgage 1 Inc.
- Headquarters: Sterling Heights, Michigan
- Founded: 1994
- Specialties: Residential mortgage lending, first-time home buyers, refinance, FHA, VA, conventional mortgages, and 203K loans.
Company Activities and Insights
Intercoastal Mortgage is esteemed for its innovative mortgage solutions and flexibility in meeting personalized home financing needs. The firm's positioning leverages local market expertise within the Washington metropolitan area, supported by a competitive pricing strategy and extensive loan offerings.
Key Strengths
- Long-standing Market Presence: Over 35 years of industry participation.
- Diverse Loan Portfolio: Meets various financial conditions and housing needs.
- Strategic Location: Key player serving the Greater Washington area, known for real estate growth.
Notable Strategies
Intercoastal capitalizes on its comprehensive service offerings, maintaining a competitive edge through continuous product innovation and customer-centric service delivery, which aligns with the needs of first-time buyers and clients seeking refinancing options. The company is poised to refine its marketing and sales strategies in response to competitive pressures and position itself strategically against large national players like PennyMac as well as regional competitors like Huron Valley Financial and Alpha Mortgage.
