News, Updates and Press Releases

January 19, 2012 - Total Mortgage President, John Walsh Quoted in the New York Times

A Reprieve for Unemployed Borrowers

A Reprieve for Unemployed Borrowers

"Sometimes borrowers may determine after counseling that they cannot afford the home," said John Walsh, the president of Total Mortgage Services of Milford, Conn. They may then need to sell the home or arrange for "a graceful exit" - for instance, agreeing to give up the deed in lieu of foreclosure, or pursuing a short sale, in which the lender agrees to accept less than the mortgage balance.

Read the article here.

January 16, 2012 - New National Sales Manager

John Walsh Named NMP Mortgage Professional of the Month

NMP Mortgage Professional of the Month: John Walsh, President of Total Mortgage Services

This month, we had a chance to chat with John Walsh, president and founder of Milford, Conn.-based Total Mortgage Services, parent company to wholesale lender, TMS Funding. A finance major at the University of Connecticut, Walsh began his journey in the mortgage industry with a sales job at a bank and founded Total Mortgage in 1997, with a customer-centric approach and a clear mission of responsible lending, and an emphasis on a strong back office and customer service.

Read the article here.

January 12, 2012 - NMP Mortgage Professional of the Month

Total Mortgage Adds New National Sales Manager

Neil Bader Named New National Sales Manager

Total Mortgage Services, LLC, has announced the appointment of a new national retail sales manager. Joining Total Mortgage with more than 25 years of industry experience, Neil Bader will now be responsible for leading the company’s retail origination channel.

Read the article here.

January 12, 2012 - Connecticut Nonbank Names Industry Vet Retail Chief

Total Mortgage in National Mortgage News

Connecticut Nonbank Names Industry Vet Retail Chief

Milford's Total Mortgage Services LLC announced that it is registered with the state of Ohio's Department of Commerce, Division of Financial Institutions, under the Mortgage Broker Act Mortgage Banker Exemption, and is now entitled to broker residential mortgage loans as a Freddie Mac seller/servicer, Fannie Mae seller/servicer, VA non-supervised automatic lender, and FHA non-supervised mortgagee. Total Mortgage can now originate residential mortgage loans in 24 states and the District of Columbia, with 5 additional state licenses pending.

Read the article here.