Founded in Atlanta, Georgia in 1994 on 3 basic premises: (1) stellar customer service (2) a fiduciary relationship with the customer that had never existed before (3) eliminate closing costs. In order to accomplish these goals, Jon Shibley immersed himself in the intricacies of the mortgage business, re-engineering and mastering a business model unparalleled in today’s market place. After 15 years, 10 billion dollars in closed loans, and a savings to customers of over 200 million dollars in closing costs, those initial goals have been achieved.
In the early years, we operated much the same as any other mortgage broker. The No Closing Costs concept was so revolutionary that it took a long time to convince people that that program wasn’t “too good to be true.” People were accustomed to spending thousands of dollars in closing costs, regardless of the fact that their lender was making hundreds of thousands of dollars in interest on a typical home loan.
It took years of educating the consumer, gaining trust, and refining our business model until Lenox innovation paid off time and again.
The now widely copied No Costs program was combined with Mortgage Management, to form an even more fundamental change in our industry: a strategic, fiduciary relationship between the client and mortgage company.
Lenox’s philosophy is to build an elite team of mortgage managers from the most talented individuals throughout various industries, continuously train and update their skill-sets and allow them to expand their operations nationwide.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154