Lenox National Mortgage

In the early years, Lenox 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 nice to be true. People were accustomed to spending 1000's of dollars in closing costs, regardless of the fact that their lender was making 100's of 1000's of dollars in interest on a typical home loan. It took years of educating the user, earning trust, and refining our business model until Lenox's innovation paid off time and again. The now widely copied No Costs program was combined with another Lenox 1st, Mortgage Management, to form an even more fundamental change in our industry: a strategic, fiduciary relationship between the customer and mortgage firm.