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Marc Thompson joins Mason-McDuffie Mortgage

SAN RAMON (CA) — Marc Thompson, who has been originating loans in Davis, CA since 2006, has joined Mason-McDuffie Mortgage. He will be opening up their new Sacramento satellite office in Davis. “I wanted to make sure I partnered up with a company that was leading the path with not only compliance but also with state of the art service and technology. It was obvious from my first meeting with Dave Heard, that Mason-McDuffie Mortgage was a company leading the way in our industry,” he said. “We are thrilled to have a Loan Originator of Marc’s caliber join the Mason-McDuffie family. We look forward to Marc opening up our new office in Davis,” said Marilyn J. Richardson, President and CEO of Mason-McDuffie Mortgage. Prior to joining Mason-McDuffie, Marc worked at UMAX Mortgage. You can contact Marc at or (530) 753-8800.

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Mason-McDuffie Mortgage IS ready for QM

Today the CFPB’s new Ability To Repay / Qualified Mortgage (ATR / QM) regulation goes into effect for loans with an application date of January 10, 2014 forward.

We are ready!

The rule is complex and operationally challenging, and there are still many aspects that remain unclear. The investor market is still working through its requirements for documentation and its appetite for different types of loan products.

However, there is a simple way to be in compliance with this complex regulation – make QM / Safe Harbor loans.  QM loans are presumed to meet all of the Ability To Repay requirements under the regulation, and Safe Harbor status protects the company from any potential frivolous legal actions from borrowers who later want to claim that they did not have an ability to repay the loan.

Mason-McDuffie Mortgage is ready for QM (Qualified Mortgage) and ATR (Ability to Repay), in fact – so are our Loan Officers. Our audit has shown that less than 1% of our closed loans fell outside of the QM standard, which was far better than the 20% mark shown with the other lenders. It’s important to know how your company will compare. Here at Mason-McDuffie Mortgage, we are happy to already be positioned for success in originating loans that meet the QM standard. Our operations and compliance staff are production oriented while navigating the challenges of new regulations in our industry. As an originator it is important to know that you work on a platform of success in these ever changing times. So you must ask yourself, is your company is ready for QM?

We are.

Marilyn J. Richardson – President & CEO

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Tim Hurlbut joins Mason-McDuffie Mortgage

SAN RAMON (CA) —Tim Hurlbut, an experienced Loan Originator, has joined Mason-McDuffie Mortgage to anchor their new Newport Beach Branch. “It was my goal to find a company that I truly believed in the products they offer, the service they deliver, the culture, and the core values of the employees.  It’s my firm belief after meeting with many other mortgage lenders that MMCD offers all these components. My team and I are fully committed to providing our clients a high level of service they’ve come to deserve and expect, which is why we’ve ultimately decided to align ourselves with Mason-McDuffie Mortgage,” he said. “We are excited to have Tim join our family here at Mason-McDuffie Mortgage.  He definitely our type of Loan Originator who we feel will be a successful addition to our Southern California expansion,” said Marilyn J. Richardson, President and CEO of Mason-McDuffie Mortgage.  Prior to joining Mason-McDuffie, Tim worked at Pacific Mercantile Bank. You can contact Tim at or (949) 231-0142.