Gibraltar Mortgage announced the results of another successful quarter for the Jacksonville-based mortgage firm. During the second quarter, ending June of 2005, Gibraltar Mortgage achieved more than a 50 percent increase in loan volume and a nearly 43 percent increase in loan transactions from the same time last year.
The company reported a loan volume approaching $45 million, up from just over $29 million in the second quarter of 2004 and also completed 258 loan transactions, up from 181 loan transactions during the second quarter of 2004.
“I am pleased with the results of another outstanding quarter for Gibraltar,” said Senior Loan Consultant/Sales Manager Frank Graham. “We surpassed our fiscal targets and are enjoying the momentum that was kick-started by our successful first year in business.”
Gibraltar Mortgage was established in November 2003 to serve real estate agents, builders and their customers in Northeast Florida and is associated with Prudential Network Realty.