Glenn Parada Launches First Hispanic Mortgage Company in Palm Beach Florida
ACCESS Newswire
MIAMI, FL / ACCESSWIRE / July 15, 2020 / Glenn Parada Launches First Hispanic Mortgage Company In Palm Beach, Florida Hiring Strictly Veterans. Glenn Parada, head of an eponymous mortgage empire, recently moved his multi-state company headquarters to Palm Beach, Florida. An advantageous location for the firm's state tax picture - Florida has none - it is also a prime address for a CEO who began his life in very different circumstances, indeed. "We are located squarely between Mar-a-Lago and Lake Worth," Parada smiles.
AN INSPIRING IMMIGRANT STORY
Glenn Parada was born in El Salvador at the peak of the civil war known as "The Black Years." When he was four or five years old, his father, an evangelical minister of the Assemblies of God Churches, obtained legal entry into the United States for his family, against all odds. Glenn and his family fled to New York City and later to New Jersey, in search of the American Dream.
After high school graduation, Parada served in the Army as an armored-tank crewmember and, upon his discharge, joined his brother, who was working in the mortgage industry in Rockville, Maryland during the subprime era. It was hard going, but Glenn persevered and learned the business, going on to eventually become Vice President of Corporate Training and Director of Administration for two major lenders. He worked with several Fortune 500 companies before he founded Parada Mortgage in New Jersey in 2018. Now he has opened a new company HQ in one of the glitziest neighborhoods in Florida, an avenue affectionately called "Billionaires Highway."
COMMUNICATION WITH THE WHITE HOUSE
Glenn Parada is currently the Political Director of the State of Florida for the Republican National Hispanic Assembly (RNHA) and works with Hispanic initiatives in sync with the White House.
"I believe that we, as Hispanics, should live out the American dream that our parents aspire to be working with our community, supporting each other's business, and creating an entrepreneur footprint in every business we initiate," he says.
Recently, he was in communication with the highest office in the land.
"I was on a conference call with the White House Hispanic Community Team regarding the Hispanic Prosperity Initiative signed today by President Trump. Since I am the first Hispanic-owned mortgage company in Palm Beach, I am so honored and inspired to know that the Trump administration is focused on Hispanic-owned businesses. The American Dream is closer than ever for many and, for some, it just became real."
PROVIDING OPPORTUNITIES FOR OTHERS
At present, Parada Mortgage provides 15 to 20 mortgages a month for its clients, with an annual business volume of $20 million. And, now that Glenn is in a position to pay it back, he enthusiastically does so.
"My staff is entirely made up of veterans," Parada says. "Many speak Spanish. I want to give my employees the same opportunities I had; I believe that it is important to provide jobs and skills to veterans."
He employs ten full and part-time employees, including four loan officers. "But we are in transition and those numbers are changing all the time," he says.
Glenn urges would-be employees to join the military.
"One man was a mechanic and wanted to come work for us. I urged him to join the National Guard. Being in the military is life-changing in so many ways: I still use benefits from years ago."
Glenn is the owner of the only mortgage brokerage in Palm Beach-and the first owned by a Hispanic.
"All other mortgage providers in Palm Beach are banks," Parada says. "If you go to the public consumer listings, you will find that we are alone among a sea of banks.
"We find mortgages for people that the banks can't," he continues. "And we go above and beyond to help clients. I find loans for people regardless of their immigration status, and use unemployment to help them qualify for a mortgage."
A great many Parada Mortgage clients are veterans, and a great many more are from the Hispanic community.
"They find me by word of mouth, and nearby Lake Worth has a huge Hispanic population," Glenn says.
FROM NEW JERSEY TO FLORIDA AND BEYOND
Parada's company still operates in New Jersey and, before the end of 2020, plans to open offices in Texas and California.
"Both are big places for veterans and for Hispanics," he says. "Also, I will open an office in Maryland, where my real estate career began."
THE TRICKLE-DOWN EFFECT OF FIXING UP DISTRESSED PROPERTIES
Parada says he sees a lot of people purchasing distressed properties that are run down and need renovation.
"That's a good thing for the community," he says. "Both for the fact that the property will be upgraded, and especially, it means that a lot of workers will be hired. Carpenters, plumbers, painters, flooring specialists, HVAC technicians - all of it makes for better economic conditions for individuals and for the larger community.
"I am so proud that I can be a part of that," he says.
