Elite Washington Mortgage Executive Launches New Company

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Mon Aug 17, 2009 10:00am EDT

RESTON, Va., Aug. 17 /PRNewswire/ -- Ed Dean, one of the nation's top mortgage
originators, today announced the formation of Potomac Mortgage Group LLC, in
Reston, Virginia.  The company was founded to address the growing demand for
an entrepreneurial mortgage company in the midst of fluctuating markets.

Dean brings his dynamic vision to make Potomac Mortgage Group the most
innovative mortgage lending company in the Washington, DC area.  "This economy
has created dramatic uncertainty for homeowners," says Dean.  "Potomac
Mortgage Group has the expertise and state-of-the art capabilities to provide
financing solutions for even the most complex situations.  Wise borrowing
leads to financial security."  

Considered an elite industry leader, Dean is former president of George Mason
Mortgage, LLC (a division of Cardinal Bank) in Fairfax, Virginia, one of the
region's top lenders over the past decade.  During his tenure at GMM, the
company's annual closed-loan volume grew at an astounding rate, from $50
million in 1993 to $1.3 billion in 2008.  Moreover, the company's loan
officers produced an average closed-loan volume almost three times the
national average.  During this time, Dean was ranked one of the nation's top
15 originators for his personal business, originating an average of $183
million in residential loans over the past five years.

Ed Dean created Potomac Mortgage Group in partnership with Fred Brooks, a
long-standing peer and colleague.  "We recognize the importance and impact of
recent industry changes and felt compelled to secure homeowners' long-term
financial security," says Brooks.  He brings 25 years of mortgage banking
experience in management of all financial and secondary mortgage operations. 
Brooks, Dean and their team of mortgage professionals offer the industry's
widest range of loans and loan amounts.  "Whether you are a first-time
homebuyer, a homeowner looking to move up, an investor in rental property or
an individual purchasing a second home, you need a partner you can trust,"
says Dean.  "Our ambition is to help homeowners achieve and sustain
homeownership for years to come."

Brooks and Dean are proud to establish a distinctive mortgage company that has
world-class technology and the most competitive rates and programs available. 
All processing, underwriting, and closing is done locally, enabling Potomac
Mortgage Group to provide exceptional service that is second to none.  This
enables Potomac Mortgage Group to close loans in a matter of days, not weeks
or months like many of its competitors.

Potomac Mortgage Group is headquartered in Reston, Virginia, also originating
loans in Maryland and the District of Columbia.  The company provides FHA, VA,
Fannie Mae, Freddie Mac, conforming, and nonconforming loan products.

For further information, please contact 571-266-6500 or visit
www.potomacmortgagegroup.com.

SOURCE  Potomac Mortgage Group

Ed Dean of Potomac Mortgage Group, +1-571-266-6500
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