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Prospect Mortgage Company ranks among the top mortgage companies nationwide in closed loan volume.

Todd Duncan Joins Prospect Mortgage as Chief Performance Officer

(Sherman Oaks, CA, June 4, 2009) - Prospect Mortgage (www.MyProspectMortgage.com) has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry.

Duncan brings 20 years experience as a mortgage industry sales trainer and motivational speaker to Prospect Mortgage, one of the nation’s largest independent residential retail lenders. The author of seven sales performance, self-improvement and time management books, including two New York Times bestsellers (High Trust Selling and Time Traps), Duncan is widely considered the leading authority on relationship-based selling skills for sales professionals.

“We are extremely excited to have Todd Duncan join our team, because he is the founding father of sales and leadership training in the mortgage industry,” said Ron Bergum, Chief Executive Officer of Prospect Mortgage. “We have known Todd for many years and we deeply respect his abilities. Now that he is our Chief Performance Officer, we are poised to establish an unprecedented level of excellence and service that will greatly benefit our Loan Officers, customers, business partners and equity partners.”

Prospect Mortgage established itself as a national mortgage lender in 2006. Its acquisition of Metrocities Mortgage and the retail mortgage branches of Indymac Bank, and Opteum Mortgage and F&T Mortgage on the East Coast, provided it with a national franchise. It recently consolidated all of its divisions under the Prospect Mortgage brand. Prospect is backed by Sterling Partners, a $4 billion Chicago-based private equity firm with a highly successful record of cultivating world-class companies for 25 years.

“Following the extreme turmoil in the mortgage industry for the last two years, many of the best sales, marketing, product, operations and technology minds have made Prospect their home, and that’s no accident,” said Duncan. “The company’s Executive Leadership team led by Ron Bergum has a highly successful track record of driving purchase-loan origination business for over 25 years. These folks only want the best and brightest on their team to fulfill a very ambitious goal of being the nation’s number one lender. I am proud and excited to be a part of that effort.”

Although Duncan is now an executive leader at Prospect Mortgage, he will continue to work as a sales consultant for companies outside of the mortgage industry, and also continue his efforts as a business writer and motivational speaker.

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Based in Sherman Oaks, CA, Prospect Mortgage, LLC is a national mortgage banking firm with 240 retail locations, including joint ventures. The company is a direct lender to consumer borrowers, and specializes in FHA, VA, conforming, jumbo and super jumbo home loans. Prospect Mortgage is an Equal Housing Lender.

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