Total Mortgage Services, a fast growing nonbank lender based in Milford, Conn., this week received final approval to originate home mortgages in New York state.
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The privately held company plans to originate residential loans on a retail basis only for now.
"Entering the New York mortgage marketplace as a mortgage banker is another significant milestone for Total Mortgage in 2010," said company president John Walsh.
He added that TMS loan officers will work with borrowers "throughout New York State, from New York City to Albany to Buffalo."
The company – a banker/broker – has funded more than $6 billion in mortgages since 1997.
