Marginal Revolutions
Mortgage: Open Mortgage
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Open Mortgage is a mortgage company that is an online multi state lender, mortgage broker and mortgage banker. This company specializes in all the forms of a residential mortgage. It is a private company and was founded in the year 2003. The CEO of this company is Scott Gordon and the CFO is Richard Woodruff. The company is headquartered in Austin, Texas. Open Mortgage is also an approved member of the Federal Housing Administration.
In the year 2002 the company G2 Financial was founded. Scott Gordon later departed and he then opened the Open Mortgage company. The company started business with two employees and one office. Scott Gordon instead of using other methods decided to use the CABO method which is web based software platform. The financial crisis of the past few years have helped Open Mortgage. It has saw strong growth. It has now grown to be a mortgage broker and banker of 19 states as well as offering Freddie Mac and Fannie Mae loans.
CABO which is what Scott Gordon decided to use for his company started out as a database that allowed officers to place their borrowers on a 7 year
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