Missouri Mortgage Savings, Inc., was located in Chesterfield, Missouri. It opened for business June 1995. MMSI began by brokering residential mortgages and later graduated to mortgage banking. Service spread nationwide quickly. November 2007, economic challenges escalated. Like many others the company scaled back. Based on projections, profitability in the residential mortgage industry appeared to be diminishing. The corporation ceased function June 2008.

The wholesale rates and services that MMSI offered are difficult to find today and are facing obsolescence. The company had offered several options unavailable at most banks, each putting the customer first. MMSI had the ability to make decisions on its clients behalf. This meant buying and funding loans that may otherwise be denied, or forced into a higher interest rate for risk assessment guidelines by other lending institutions. Each loan was packaged and sold to a secondary market. MMSI experienced less than a hand full of foreclosures and/or repurchases during its operating years, thanks to a great decision making team.

The company maintained an excellent profile start to finish. No clients were abandoned in the midst of transaction. One of the finest crews assembled maintained their positions until all files were completed and secured. As Chief Officer, I will be forever thankful for each moment served with this fine team.

For your protection all company files and personal information have been destroyed. A certificate of destruction was issued June of 2008, destroyed files were recycled.

- James Grasso