NP, Inc. has survived the test of time in its nearly 25 years.
Owner and President Tony Acquaviva’s once small, local mortgage lending business has grown substantially since it first opened its doors in 1996. Along the way, NP, Inc. has survived the subprime mortgage crisis and the 2007 banking crisis. Not only did the company survive, but it also thrived. NP, Inc. is now licensed in 40 states and conducts business under NP, Inc. and multiple DBAs, including one very close to Tony’s heart, U.S. Mortgage of Florida.
Much of the company’s success can be attributed to its corporate culture, one of open communication and a strong work ethic, but most importantly, a strong sense of community. NP, Inc.’s team works together like a well- oiled machine, allowing for concise communication about each loan and ultimately fewer hands on the file. In-house underwriting and processing also allow for quicker and more efficient turnaround times. The company offers a wide variety of loan products and even boasts a Non-QM Lending Division for those seeking a non-conventional mortgage. It also helps that Tony is still in the office almost every day and still originates loans himself. He believes in leading his team by example. This strategy has no doubt paid off; NP, Inc. had a record 4th Quarter.
This level of success wouldn’t be possible without a team of hardworking professionals. During the COVID-19 pandemic, we’ve seen an economic crisis of epic proportions. NP, Inc.’s team of professionals have utilized the current low-interest rates and helped refinance and lower monthly payments for countless families nationwide. Additionally, they offered career opportunities to many. In fact, they’ve hired several new team members since March 2020.
NP, Inc.’s business model is pretty traditional: build and nurture long-lasting, personal relationships with other businesses and clients. It’s a business model that has served them well. Until recently, they made only minimal use of social media and paid advertising. Now, as NP, Inc. expands, they’ve still got boots on the ground in their home base, Florida, and in other states throughout the country. Their expert loan officers know what families in specific communities are looking for and are always available to answer any questions. It’s these very relationships that have continued to help NP, Inc. thrive.
NP, Inc. remains a borrower-centric mortgage lender, a tradition that doesn’t seem likely to stop anytime soon. They’ve survived the dot-com bust, the subprime mortgage crisis, federal interest rate increases and are faring well throughout the COVID-19 pandemic. It seems the only place for NP, Inc. to go is up.
February 26, 2021 by Vanessa Rutigliano for NP, Inc.