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Why Princeton Mortgage pays average performers poorly

Princeton Mortgage CEO Rich Weidel

When Rich Weidel took over his family-owned lender Princeton Mortgage, the company had funded 11 loans in January of 2018, employed about a dozen people and had zero loan officers.

Just three years later, they’re on track to do about $1.5 billion in mortgage originations and were ranked as the 502nd-fastest growing company in America, according to INC Magazine’s latest 5,000 list.

HousingWire sat down with Weidel last week to learn about the challenges in rapidly growing the mortgage lender, hiring people from outside the industry, details ⇒

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