Navigation Mortgage Expands to South Texas

Bloomington, MN (PRWEB) December 17, 2006

Jeff Andrews, President of Navigation Mortgage (, has announced the opening of a new Navigation Mortgage branch office in Laredo, Texas. Located on the U.S.-Mexico border, Laredo and surrounding communities and border towns are experiencing healthy residential growth. Additionally, Laredo is the largest inland port in the United States, with international bridges carrying more than half of all trade between the US and Latin America. These factors have contributed to an increase in population and have transformed the economy.

“Due to the tremendous growth in the South Texas border towns, the area is currently underserved by mortgage companies,” Andrews said. “This creates an environment in which mortgage costs tend to be inflated, due to demand. We feel that we can assist home owners in this area by offering a fair and reasonable price for their home loans.”

Navigation Mortgage, which is headquartered in Bloomington, Minnesota, also has a branch office in San Antonio, Texas. The opening of the new branch office in Laredo will be celebrated with a Grand Opening in January 2007.

The Laredo office is staffed by two experienced loan officers, Laura Marum-Deir and Cesar Vazquez. While Mr. Vazquez recently relocated from the Chicago area, Mrs. Marum-Deir grew up in McAllen and has many friends and family in South Texas. Both loan officers specialize in helping borrowers with less than perfect credit overcome the traditional challenges associated with buying a new home. In addition to Laura and Cesar, Navigation Mortgage expects to hire two to three more loan officers to help borrowers in Laredo.

Navigation Mortgage shares the office with Your Laredo Home (, a local real estate agency. “We are thrilled to office with Your Laredo Home and to team up with Dora and Gwen Loera,” Andrews said. “They are talented real estate agents and business owners, and an integral part of the community.”

Navigation Mortgage is known both for its customer focus and for its commitment to community. At least 1 percent of gross revenues are given back to the communities in which the company serves. The company will carry through with this commitment at the new Laredo office.

Additionally, Andrews and his employees take an active role in the communities where the company holds offices. Some of their previous and ongoing commitments include contributions to Hurricane Katrina relief efforts and other charitable contributions, as well as involvement in local Rotary clubs, Chamber of Commerce chapters and city-affiliated volunteer organizations.

Navigation Mortgage headquarters is located at 5001 W American Blvd, Suite 795, in Bloomington, Minnesota, and can be reached at 952-888-4300 or toll free: 877-958-4300. The Laredo, Texas, branch is located at 1605 East Del Mar Blvd, Suite 112 in Laredo, and can be reached at 956-753-2525. The San Antonio, Texas branch is located at 1777 NE Loop 410, Suite 600 in San Antonio, and can be reached at 210-479-7171, or toll free: 866-479-7171.