Da ADR BLOG

April 30th - closed a $917,000 loan at 4.75%. Ask us how. Of course, this client was a full doc, high credit score, high income client. If you have a high LTV this won't work either.

But, at ADR we are knocking it out of the ballpark on jumbo loans. As of June 4th our Jumbo Loan rates start at 5.75%. We may be able to get a similar product as the April 30th closing, call your ADR Loan Officer to find out if we can.

Also, ADR continues to maintain a ZERO Better Business Bureau complaint record. ADR receives approximately 5,000 unique individuals a year hitting our website for our GREEN experience (paperless) .....call us today! We'll exceed your expectations.

This letter to the editor of the business section was posted in the local Raleigh paper (NewsandObserver) and can be seen on their website or page 2 of the business section dated June 15th, 2008.

Mortgage company saves green by operating online

I thoroughly enjoyed John Murawski's article on saving the environment while saving money ("Green saves green," Work&Money, June 1).

This e-mail message is to let you know what American Dream Residential (www.adrmortgage.com) is doing to help.

First, we take about 500 loan applications a year via the Internet. This saves about 80 pages of paper per loan application, or 40,000 pages of paper a year (times two -- there's always a copy package). That's about $16,000 in paper.

Second, we don't have to overnight 500 loan applications to our clients and investors, because we have an e-mail signature platform that is electronic. This saves us about $25 a loan (times two, one for the investor), or about $25,000. It also saves our client a similar amount, because the client doesn't have to send the package to us by overnight delivery ($37,500 total; ADR, client, investor).

Third, we don't have to maintain a large office for people to send all this paper around and receive it. And we store information electronically, saving about $12,000 a year in rent expense and saving on commuting costs.

So as a small Raleigh mortgage company, we're saving about $60,000 a year. We are also reducing our carbon footprint by not requiring commuting by our loan officers, all of whom work from home.

I want to thank you all for communicating what companies are doing.

Although we are small (about 20 loan officers), we want to do our part to make Earth a better place.

Andrew May, president, American Dream Residential

Raleigh