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Todd Lubar Case Analysis

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Todd Lubar is a successful businessman having worked in the financial service industry for more than twenty years. In the year 1995 he worked as a loan originator with Crestar Mortgage Corporation. During his work there, he established contacts that motivated him towards his success and he soon discovered that he had the ability to work in real estate, something that gave him the chance to live a quality life with his family and still able to help other people. In the year 1999, he began working with Legacy Financial group. This had a great impact on him since it enabled him to become a loan broker to investors and also a direct mortgage for bank. Todd Lubar became the founder of residential development company legendary properties in the …show more content…

The mortgage banking business enabled Todd to create connection with First Magnus Corporation-the largest privately owned mortgage companies in the United States. He later increased his access to capital and expand his operations by opening a charter funding in year 2003- a First Magnus subsidiary. Todd Lubar was familiar in his niche market having worked with more than 7,000 clients who had tried to acquire finance from other traditional means but had failed. Through his confidence, understanding and the overall knowledge to analyze risks, he found the need to develop Legendary Financial that was meant to fill that gap. The crisis in the mortgage industry made Lubar make diverse changes in his field which included the recycling of metals, automotive scrap, commercial demolition among others. This lines of business became very successful such that he was contacted by large demolition companies for contracts and his metal recycling is still traded publicly to date. Currently, Todd Lubar resides in Bethesda Maryland. He is passionate in spending time with his two children and loves adventure. He aims at developing even a better version of himself as he continues to impact value to people he meets every

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