Robert Scolnick -The Scolnick Team of NFM Lending, a mortgage lender, is planning to open an office at 122 N. Fifth St. in the city.
NFM has offices in and is licensed in 37 states. The Allentown office is the second office for the Scolnick Team of NFM, run by Robert Scolnick. He also has an office in Lake Harmony in the Poconos.
Scolnick said he was drawn to Allentown by the activity in the region.
“I already do quite a bit of business here and we see a great opportunity in the Lehigh Valley. The real estate market is just booming,” he said.
Scolnick said he has more than 23 years of consumer lending experience and prides himself on being able to help home buyers sort through credit challenges to obtain a mortgage
The Allentown office manager, Maria Mangual, in addition to being an experienced lender, is also bi-lingual. She can communicate with clients in Spanish to help them understand the loan process.
“There’s a huge Latino population in Allentown that we feel are consumers that are being missed,” Scolnick said.
He said he likes to work with clients before they even begin home shopping so he can help them find any down-payment assistance or closing-cost assistance they may be eligible for and also to give them a better idea of what they can afford before they begin looking.
He said the office also may be able to arrange FHA and VA loans for people with credit scores as low as 580.
NFM Lending offers conventional, FHA, VA, USDA, FNMA, jumbo and other loan options.