MOUNTLAKE TERRACE, Wash. – September 13, 2006 – With a three-year growth of 470 percent MILA secured its name on the Inc. 500 list for the second year in a row at 284 overall and at 18 out of 29 in the Real Estate category.
The 22-year old wholesale mortgage lender headquartered in Mountlake Terrace, Washington 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 of both non-conforming and conforming loans as well as real-time loan management tools 24 hours-a-day, 7 days-a-week.
“It is such an honor to make this list two years in a row," explained Layne Sapp, founder and CEO of MILA. “Our ability to maintain triple digit growth over six years is owed to the thousands of brokers across the nation who have put their trust in us. It is for them that we have pioneered new technologies as we aim to continually improve the home loan process. The way we see it, if we commit to ensuring success for our brokers, we’ll find success as well.”
Last year, MILA’s three-year growth was 803 percent putting the lender’s inaugural debut on the Inc. 500 in list at number 122 overall. Since the 2002 introduction of AccessPoint, the company has grown from a $550 million company to a $4.5 billion company originating loans in 33 states.
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 16 Washington state companies to make the list. With the launch into conforming loans, added tech enhancements and an aggressive state expansion plan underway for the remainder of 2006 and early 2007, the high-tech lender has its eyes set on continued growth over the next three years as well.
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 33 states with a broad range of 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. |
Press Releases 