Ed Dean, a former president of Virginia-based George Mason Mortgage (a division of Cardinal Bank) has partnered with his colleague Fred Brooks, to form a new mortgage company Potomac Mortgage Group.
Reportedly, the company was founded to address the growing demand for an entrepreneurial mortgage company in the midst of fluctuating markets.
The company claimed that all processing, underwriting, and closing is done locally. The new company is headquartered in Reston, Virginia.
Mr. Dean said: “This economy has created dramatic uncertainty for homeowners. Our ambition is to help homeowners achieve and sustain homeownership for years to come.”
Mr. Brooks said: We recognize the importance and impact of recent industry changes and felt compelled to secure homeowners’ long-term financial security.”
