Introduction
General Mortgage Capital Corporation (GMCC) is a prominent direct lender and mortgage banker headquartered in Burlingame, California. Since its inception in 2005, General Mortgage Capital Corporation has expanded its operations nationwide, offering a diverse range of mortgage products and services tailored to meet the unique needs of its clientele. With a commitment to honesty, integrity, and exceptional customer service, General Mortgage Capital Corporation has established itself as a trusted name in the mortgage industry.
Company History and Expansion
Founded in 2005, General Mortgage Capital Corporation began as a regional mortgage lender in California. Over the years, the company has experienced significant growth, expanding its services across 49 states, including Washington D.C., Florida, Georgia, Hawaii, New Hampshire, New York, Ohio, South Carolina, Virginia, and Washington. This expansion reflects General Mortgage Capital Corporation's dedication to providing accessible mortgage solutions to a broad spectrum of clients nationwide.
Mission and Core Values
At the heart of General Mortgage Capital Corporation's operations lies a mission to simplify the mortgage process for its clients. The company's culture is built upon four fundamental values: honesty, humility, integrity, and service. General Mortgage Capital Corporation strives to offer sound financial advice, ensuring that clients receive transparent and straightforward guidance throughout their mortgage journey. The ultimate goal is to be recognized as the leading and most reputable mortgage company in the nation, fostering long-term, rewarding relationships with customers.
Services and Loan Programs
General Mortgage Capital Corporation offers an extensive portfolio of mortgage products designed to cater to various financial situations and objectives. Key programs include:
- Prime Jumbo Loans: Tailored for clients seeking higher loan amounts, GMCC provides Prime Jumbo Purchase options with competitive down payments and no mortgage insurance requirements. Clients can secure loans up to $2 million with a 10% down payment or up to $3 million with a 15% down payment.
- Rental Cash Flow Mortgages (DSCR): Designed for real estate investors, this program allows clients to qualify based on rental income rather than traditional employment or tax return documentation. This offering is available across 49 states, providing flexibility for investors nationwide.
- Medical Professional Programs: Recognizing the unique financial situations of medical professionals, GMCC offers specialized programs such as 0% down payment for loans up to $1 million and 5% down for loans up to $1.5 million, with options to waive mortgage insurance.
- Conventional Agency Programs: As a direct seller to Fannie Mae and Freddie Mac, GMCC provides conforming and high-balance loan options, ensuring clients have access to competitive rates and terms.
Operational Excellence
General Mortgage Capital Corporation prides itself on its efficient and client-centric operational model. With in-house underwriting capabilities for loans ranging from $100,000 to $5 million, as well as in-house document preparation and funding for loans up to $10 million, the company ensures swift turnaround times. A dedicated team of over 400 licensed loan officers is available to guide clients through every step of the mortgage process, providing personalized service and expertise.
Leadership and Management
The success and growth of General Mortgage Capital Corporation can be attributed to its experienced leadership team. Key executives include:
- Charles Zhao: Serving as the Chief Operating Officer (COO), Charles Zhao oversees the company's operational strategies and ensures alignment with GMCC's mission and values.
- Raymond Chou: As the Chief Executive Officer (CEO), Raymond Chou leads the company's strategic direction, focusing on expansion and innovation within the mortgage industry.
- Mincheng Jin: Holding the position of President, Mincheng Jin plays a pivotal role in managing GMCC's day-to-day operations and maintaining high standards of service delivery.
Community Engagement and Recognition
Beyond its business operations, General Mortgage Capital Corporation is committed to giving back to the communities it serves. The company actively participates in local events and supports various charitable organizations, reflecting its dedication to social responsibility. This community involvement has not only strengthened GMCC's reputation but also fostered trust and loyalty among its client base.
GMCC's commitment to excellence has been recognized through various awards and accolades over the years. These honors underscore the company's dedication to providing exceptional mortgage solutions and customer service.
Conclusion
General Mortgage Capital Corporation stands as a testament to the impact of unwavering commitment to customer service, innovative mortgage solutions, and operational excellence. From its humble beginnings in California to its expansive nationwide presence, GMCC continues to set industry standards, helping countless individuals and families achieve their homeownership dreams.