Mortgage company aims to educate
By Dawn Pearson
Midwest Mortgage Capital is opening in Carmel and wants the community to know they are a different type of home loan company.
The St. Louis-based mortgage company was founded in 2001 by managing partner George DeMare. He started Midwest Mortgage 13 years ago. After being in the business 20 years, he didn’t feel that people were doing their jobs correctly.
“The industry wasn’t trusted, and we wanted to educate and teach people,” DeMare said. “There are a million things that go into a mortgage, but your crediting rate is the most important thing. One of my big missions I’m on right now is all about credit scores.”
DeMare speaks about credit scores nationally.
“Everybody thinks your credit score is only for an interest rate for mortgages, but it’s for so much more; car loans, every type of insurance pulls your credit rating, and I just read that 90 percent of employers are pulling credit scores for hiring,” he said.
Because of his passion of educating and teaching customers, Midwest Mortgage is focused on bringing better customer service, philanthropy and accountability to an industry that has been “badly tarnished.”
“I want people to say ‘wow this company changed my life and taught me to increase my credit rate, showed me better loans, which helped me get lower premiums on insurance,’” DeMare said.
Midwest Mortgage chose Carmel for its Midwestern values and the string area housing market.
“The housing and job markets are much better here and recovering and we wanted to expand in the areas where we can help educated people and work from the good core Midwestern values. And we found all this in our company leader there, Eric Covington,” DeMare said. “Eric has the same core values and community leadership we stand for at MCC.”
Midwest Mortgage has 70 employees nationwide and two in the Carmel-Indianapolis area offices located at 160 W. Carmel, Dr., Suite 263.
The company has funded more than $5 billion in home loans since 2001.
For more information, call (800) 803-9910 or visit www.midwestmortgagecapital.com.