November 18, 2021 by Premium Mortgage Corporation
We’ve been named the number one fastest growing company in Rochester for 2021 by the Greater Rochester Chamber of Commerce! Our President, Mike Donoghue, Executive Vice President, Alexia Barbarossa, and other management were on hand to receive the top distinction at the Greater Rochester Chamber Top 100 Awards on Thursday, November 4, at the Floreano Convention Center in downtown Rochester.
Premium Mortgage Corporation was also named the number one mortgage lender in Rochester, edging out local lenders like ESL Federal Credit Union, Canandaigua National Bank & Trust, and M&T Bank. While the award marks our tenth appearance in 21 years on the prestigious Top 100 list, it’s the company’s first time in the number one position – and we couldn’t be more honored to receive such a special award.
“Being named the fastest growing company in Rochester is incredibly humbling, and a testament to our talented team and their dedication to our customers in this community and beyond,” said Barbarossa. “I’m so proud that throughout our business growth, we continue to give our customers a tremendous mortgage experience, making them feel comfortable, informed, and well taken care of.”
To be eligible for the Greater Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Greater Rochester/Finger Lakes region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. With a compound annual growth rate of 33.5% between 2018 and 2021 and closing over $1.5 billion in loans in our last fiscal year, Premium Mortgage Corporation has experienced a significant surge of new customers and loan production over the last year-plus.
“Our growth over the past few years has focused primarily on purchase-money mortgages, and we outpace our competitors in that metric by a large margin,” said Donoghue. “Staying in our lane and focusing on what got us here continues to be the recipe for success, and I think this honor really exemplifies that.”
We’d like to thank all our dedicated employees, loyal customers, and the local real estate community in Rochester for making our number one ranking possible!