MOUNTLAKE TERRACE, Wash. – October 21, 2005 – With a three-year growth of 803 percent MILA secured its name on the Inc. 500 list coming in at 122 overall and fifth within the Real Estate category.
The 16-year old wholesale mortgage lender headquartered in Mountlake Terrace credits its phenomenal recent growth to proprietary technology it developed and introduced in 2002 that enables brokers to have full-access to their loan pipeline and allows loans to be funded in as little as four hours. The technology, named AccessPoint, gives MILA the unique advantage of being the only mortgage lender to provide brokers instant automated underwriting and real-time loan management tools 24 hours-a-day, 7 days-a-week.
“We are thrilled to be recognized by this year’s Inc. 500 list,” explained Layne Sapp, founder and CEO of MILA. “To see our name on the same prestigious list that has included modern-day giants from Microsoft and Intuit to Sharper Image and Dominos Pizza just shows that the sky really is the limit for us.”
Inc. magazine’s annual ranking of the country’s 500 fastest growing privately-held companies was established in 1981 to provide more than a dry list of firms sorted by revenue. Today it is a well-respected tool many view as a way to keep a finger on the pulse of the U.S. economy. The list accomplishes this by providing a snapshot of where the economy is showing the greatest growth, by both industry and geography.
MILA was one of only 13 Washington state companies to make the list. With plans already underway to add to its current headquarters with an even larger building, add more states where it does business and develop continued enhancements to AccessPoint into 2006 and beyond, the Mountlake Terrace mortgage lender hopes to continue its phenomenal growth trend well into the future.
About MILA Inc.
MILA, Inc. is one of the fastest-growing e-commerce mortgage solution providers in the nation currently serving the wholesale residential market in 26 states with a broad range of alternative mortgage lending products. Financial strength, management stability, and proprietary, cutting-edge technology give MILA the ability to meet the challenges of the ever-changing mortgage lending market and to anticipate market trends. For more information visit www.mila.com.
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