Why The Mortgage Man?

Why do they call me the mortgage man? I started my career in finance with Beneficial Consumer Discount in 1986 and became a collection manager.  Once I was given the option of moving out of town to manage my own branch, I decided to pursue a career as a Mortgage Underwriter with Merchants Bank of Allentown in 1988.  Once I had a thorough understanding regarding collections and underwriting, I took a job with Meridian Bank as a mortgage loan officer.  I continue to service 27 real estate offices and builders in three counties ( Monroe, Northampton, Lehigh ).  When Meridian was being sold to another bank, I decided to go out on my own as a Mortgage Broker in 1997.  I've owned my owns business for 16 years and know all the ins and outs of the mortgage industry.  I've seen interest rates as high as 16% and as low as 2.5%.  I've witnessed market bubbles, corrections, booms, busts, short sales, foreclosures, bankruptcies, wrap around mortgages, recasts, bridge loans, divorces, identity theft, fraud, subordinations, straw buyers, owner financing, hard money lending, and many other situations in my years in the industry.  Through it all, I've used my knowledge, experience, and contacts to help over 5,000 families purchase their home. I have almost any program or lender to get the job done.  If I do not, I know who may be able to help a potential home owner purchase their home.  It takes just one phone call to get the right answer!  Please call me with any situations or scenarios that you wish to discuss in confidential manner.


Andy Williams NMLS # 118317
President
Abacus Regional Mortgage
484 695 5972

No more Harleysville Bank

As many of you know, I have been doing business with a small local bank in Bucks County named Harleysville Savings Bank for many years.  They have always accommodated my customers by doing loans that didn't quite fit the mold of a saleable loan.  This means that what Fannie Mae and Freddie Mac deemed unworthy, Harleysville gladly accepted.  They didn't sell their loans and , in many cases, couldn't sell these loans.   They financed homes on many acres, log homes, non fannie mae approved condos, land loans, loans with mobile homes attached, 80% 1-4 unit investor financing, cash out refinances requiring no seasoning, and residential mortgages for LLCs.  Although their rates are extremely high and unattractive compared to the rest of the market, they still found a niche to finance the unique buyer.  Because of their desire to begin selling their loans on the secondary market, they have informed me that they no longer wish to do business with Brokers.  Effective September 30, 2012, I can no longer originate loans for them.  If you have had anyone pre approved by me prior to this date and I told you that I would be using Harleysville for the financing, I will no longer be able to honor this request.  I will have to take the mortgage application by the end of the coming week September 29, 2012 in order to finance it with them. I'm sorry for this inconvenience, but I'm currently seeking new lenders to fulfill this void. 

Andrew Williams
President
Abacus Regional Mortgage
NMLS # 118317
484 695 5972