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Guaranteed Home Mortgage Co. Inc. is making a big push to build a residential mortgage origination platform in the metropolitan New York area's so-called vertical housing market and has brought on board, among others, former IPI Skyscraper and Wells Fargo executive Neil Bader and his former Wells Fargo colleague Russ Pfeffer.
While the company has more than 300 mortgage professionals lending in 28 states, president and chief executive officer David Wind said the company since its founding in 1992 has always been somewhat "metropolitan New York-centric." He notes that among other things he once clerked in the New York attorney general's real estate finance bureau reviewing co-operatives and condominiums.
The company sees opportunity in the New York metro area today in part...