InterContinental Capital Group Opening New Retail Mortgage Office In Boca Raton

BOCA RATON, Fla.--(BUSINESS WIRE)--InterContinental Capital Group (ICG), a direct to consumer mortgage lender, is pleased to announce the opening of a new office in Boca Raton, FL. Boca Raton offers an ideal business location with a vibrant economic and residential community that the company believes is currently underserved.

“I am confident that with ICG’s proven platform, interest rates at historic lows and the stabilization of the South Florida housing market, ICG will successfully assist potential homeowners capitalize on the current housing market. ICG is also offering stable employment opportunities for experienced mortgage professionals.”

“While many companies continue to downsize, our research indicates tremendous numbers of homeowners in high rate mortgages who still have equity in their homes. With interest rates so low, we believe that the next 18 to 24 months will allow even more homeowners to refinance into much more affordable mortgage payments,” says Dustin DiMisa, ICG’s President. The Boca Raton facility is the first of several scheduled openings in areas that the company’s research shows to be underserved.

The most immediate impact of ICG's presence in Boca Raton, FL will be realized through the company's hiring of 20 to 30 mortgage consultants and operational support personnel. "Our employees are qualified mortgage professionals who guarantee personal attention and financial insight to all of our clients," states an InterContinental Capital Group spokesman.

ICG’s Boca Raton facility will be led by regional manager, Michael Samuels. A native New Yorker, Samuels has over 10 years experience in the mortgage industry, the last eight of which were spent in South Florida working as senior manager for one of the nation’s largest privately owned mortgage companies. Samuels currently resides in Boynton Beach where both he and his wife are active in the local community.

“I’m excited to join the management team at InterContinental Capital Group,” says Samuels. “I am confident that with ICG’s proven platform, interest rates at historic lows and the stabilization of the South Florida housing market, ICG will successfully assist potential homeowners capitalize on the current housing market. ICG is also offering stable employment opportunities for experienced mortgage professionals.”

About InterContinental Capital Group

Founded in 2005, ICG is a New York City based retail mortgage lender that is licensed to originate loans in 22 states and is positioned to be licensed in all states by the end of calendar year 2010. ICG currently employs over 250 mortgage professionals and is looking to grow that number to 400 by 2011. InterContinental Capital Group offers a variety of mortgage loan products specializing in FHA and conforming mortgages. Since 2005, ICG has seen forward originations grow over 400% nationwide and is positioned to become a leader in the direct mortgage lending industry across the U.S. especially with the opening of a reverse mortgage division that will be fully operational by August 2010.

For more information, visit www.icghome.com.