BEVERLY HILLS, Calif., Nov. 12, 2010 /PRNewswire via COMTEX/ -- Michael McDevitt, of Fidelity Group is one of America's leading real estate finance and loan modification experts, was featured on an episode of the internet radio show, "The Next Big Thing(TM)." The show gives listeners exclusive insider interviews with experts and uncovers what the "Next Big Thing(TM)" is for businesses and consumers alike. The experts featured on each episode are dedicated to spreading knowledge and awareness in their field of expertise and making significant contributions to their industry and the marketplace as a whole.
(Logo: http://photos.prnewswire.com/prnh/20100918/LA67420) (Logo: http://www.newscom.com/cgi-bin/prnh/20100918/LA67420) The radio show was launched by America's Experts(TM), an organization that honors an exclusive group of forward-thinking business owners, entrepreneurs, professional speakers, authors and corporate CEOs who are pioneers in their market that will share their secrets of success with the audience.
Michael McDevitt was chosen to appear on the show for his expertise and success in the field of real estate finance, loss mitigation, mortgage violation audits and loan modification services. In 2005, Mr. McDevitt co-founded A&M Capital Funding Inc. and for two years operated an extremely successful brokerage. Since then, he has owned other successful firms and has thrived as a young entrepreneur. Mr. McDevitt's main focus is now Fidelity Financial Group and Fidelity Commercial Capital, a full service Real Estate Firm that specializes in residential, commercial, and hard money loans as well as loan modification and mortgage violation audits. Mr. McDevitt is actively involved in financing residential and commercial real estate and marketing transactions while continuing to make a name for himself in the Real Estate Finance Industry.
Mr. McDevitt has a philosophy of "partnering" with his clients every step of the way from the initial meeting through the funding process to ensure a clear understanding of his client's financial goals and objectives. With his commitment to outstanding service, Mr. McDevitt personally manages each critical step of the financing process while constantly monitoring alternative strategies until the deal is fully approved and funded. McDevitt has participated with other selected celebrity experts across various industries in multiple initiatives over the past year and will be weighing in on key subjects to consumers and businesses alike.
Mr. McDevitt was interviewed about the current loan modification boom, and the perks it has to offer compared to traditional financing. "Very simply put - a loan modification is a renegotiation of the terms of your mortgage through your existing bank to modify the rate and terms of your mortgage, without the need to refinance," explained McDevitt.
The hosts also discussed with McDevitt, who can take advantage of loan modifications, as well as any restrictions or federal guidelines involved. An in-depth conversation by McDevitt enlightened the general listener with a immeasurable amount of knowledge about residential and commercial loan modification options.
"There are millions of responsible families out there that make their monthly payments, and they fulfill their obligations, but they've seen their property values fall and are unable to refinance at lower mortgage rates," remarked Mr.
McDevitt. "These people are going to be in a tight situation unless they do something quickly - and that's where we come in to play," McDevitt continued.
Mr. McDevitt has guided his companies to focus on not only residential, but commercial loan modification as well.
Each episode of "The Next Big Thing(TM)" showcases a different expert who has been chosen to share insights from their business and personal experiences. The individuals that will be showcased are forward-thinking business owners, entrepreneurs, professional speakers, authors and corporate CEOs who are pioneers in their market that will share their secrets of success with the audience.
"The Next Big Thing" Radio show is available as a free podcast on iTunes.
For more information about Michael McDevitt please visit http://www.NFMG.org About Michael McDevitt: Michael McDevitt began his career in the Real Estate Finance Industry at the age of 17. Mr. McDevitt worked late nights at Countrywide where he found his passion for real estate and finance. He continued as a top employee at Countrywide throughout college until the age of 21. During his career at Countrywide, Mr.
McDevitt was promoted many times in just 4 years and became one of the youngest executives Countrywide has seen. He felt compelled to expand his quest for knowledge in this industry and decided to leave; however, he took his time at Countrywide as an invaluable experience as it set a solid foundation in his career. This foundation was made up of skills that Mr. McDevitt cultivated in every facet of the industry from Portfolio Retention to Correspondent Lending.
Mr. McDevitt then went on to become an Account Executive for a Direct Mortgage Lender and quickly became a top producer in the highly competitive field within 6 months. Again, feeling trapped in the wholesale industry he decided to pursue a more challenging and lucrative position within the trade. Having experience in Correspondent Lending and now Wholesale Mortgage Banking, Mr. McDevitt then began his career in the Retail Aspect of Mortgage Banking as a Sr. Loan Officer and was educated by the #2 Originator in the Country. Mr. McDevitt found this experience invaluable and was reaping the benefits of hard work and the rewarding finance business. Mr. McDevitt funded over 100 million dollars in loans and generated over 20 million dollars in real estate per year.
In 2006, Mr. McDevitt co-founded A&M Capital Funding Inc. and for two years operated a boutique multi-million dollar brokerage comprised solely of top producers within the real estate field. Since then, he owned other successful businesses and has thrived as young entrepreneur. Mr. McDevitt's main focus is now Fidelity Financial Group, a full service Real Estate Firm that specializes in residential, commercial, and hard money loans. Mr. McDevitt has also accomplished raising millions for many diverse real estate developments and has quietly cemented his reputation as one of the major players in the industry.
Residential or commercial, no matter how complicated the terms, Mr. McDevitt has the experience to find the best possible deal whether loan modification or traditional financing. Unlike many in the field, he hasn't always been one to toot his own horn, relying instead on strong word-of-mouth from satisfied clients.
For more information about Michael McDevitt please visit http://www.NFMG.org SOURCE Fidelity Financial Group www.prnewswire.com Copyright (C) 2010 PR Newswire. All rights reserved -0- KEYWORD: California INDUSTRY KEYWORD: FIN