The Money Source - A Great Place to Work

Sep 09 2016

The Results Are In - We Couldn't Be Happier!

GreattPlaceToWork2016_TMS_v2.jpgWe are pleased to announce that The Money Source was recently certified as a great workplace by the independent analysts at Great Place to Work®. We earned this credential based on extensive ratings provided by our TEAMS in anonymous surveys.

Categories we were rated on include:

  • Great Atmosphere
  • Great Rewards
  • Great Pride
  • Great Bosses

We are driven by our Core Values and our commitment to our people is something we take very seriously. We are very thankful to all who shared their thoughts about working here. Interested to see what else they had to say? Check out the results details in the link below! 

Great Place To Work Results

Want to join our team?

Send your resume to resume@themoneysource.com to learn more about openings at our company. 

Topics: Team, The Money Source, Core Values, Great Place to Work

Meet the TMS Team - Alan Hershkowitz

Jul 27 2016

AlanHershkowitz.jpg

At The Money Source, our Team strives to provide Rock Solid Service every day. The people who make up our team are the key to our success. Meet one of the members who makes up our Legal team - Alan Hershkowitz.

Alan is a Legal Reviewer at The Money Source and has been a part of the team since May 2016. After attending SUNY Stony Brook, he went on to earn his Juris Doctor at Western New England University School of Law. He's worked in the legal department of a court services company and focused primarily on foreclosures.

Alan was born in Stony Brook, NY and still lives there. He's the oldest of three children and has two younger sisters. When he has free time, Alan likes to play sports and go out with his friends.

The best thing about working at The Money Source, is that he gets to work with fun and outgoing people.

More facts about Alan:

  • Favorite TV Show: Sons of Anarchy
  • Favorite Food: Seafood
  • Dream: To come up with the next "billion dollar app" and never work another day in his life
  • Fun fact: He was once in the same elevator as Rosie O'Donnell

Thanks to Alan for sharing a little about himself!

Topics: People Matter, The Money Source, Core Values, Alan Hershkowitz, Meet the EA Team, legal review

The Money Source Awarded Top Honors in ‘Best Places to Work’ Awards

May 04 2016

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For the second year in a row, we are pleased to share that The Money Source has taken top honors at the San Francisco Business Times’ and Silicon Valley Business Journal’s “Best Places to Work” awards.

We were named as the third best place to work in the Bay Area in an awards ceremony at the Hilton Union Square in San Francisco on April 19. Our Bay Area mortgage division, Endeavor America Loan Services, was ranked number 15 in the same awards last year.

The award comes on the heels of our CEO Darius Mirshahzadeh being named one of Glassdoor’s top-rated CEOs in the nation.

Our TMS workplace is defined by our “Growing Happiness” mission, and every aspect of the business is built around the our four core values — People Matter, Inspiring Leadership, Strength of Character, and Rock Solid Service.

We use peer-to-peer employee recognition tool YouEarnedIt to encourage employees to reward each other, and our executives receive company-wide employee feedback through the online platform 15Five.

“The Money Source’s core values-driven approach unifies the entire team around our mission and has created a company culture that is oftentimes lost when a small company experiences rapid growth,” said Darius Mirshahzadeh, CEO of The Money Source. “The Money Source is proud to be recognized as one of the best places to work in the Bay Area. It is a recognition we owe to our incredible team members who come to work every day and make The Money Source a model of company culture within the mortgage industry.”

Topics: The Money Source, Core Values, Darius Mirshahzadeh, Glassdoor, Growing Happiness, Pink Unicorn, best places to work, San Francisco, Bay Area company, California, top-rated CEO

What's Up With the Pink Unicorn?

Feb 19 2016

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The Pink Unicorn is a mythical creature no one has actually seen and most believe does not exist. The same could be said for a mortgage company with highly motivated employees who are committed to providing the best customer service each and every day.

At The Money Source Inc., we strive to create a positive and strong company culture, anchored by our Core Values

  • People Matter.
  • Inspiring Leadership
  • Strength of Character
  • Rock Solid Service

The Money Source Inc. adopted the whimsical, and yes imaginary, Pink Unicorn as its mascot with the intent of turning what some consider a fantasy workplace into reality; we are building an army of Pink Unicorns to prove it’s possible!

Partner with The Money Source Inc. to experience what sets us apart from other companies - Become a Partner today!

Topics: The Money Source, Grow Happiness, Core Values, mortgage industry, Pink Unicorn

Happy Labor Day Weekend!

Sep 04 2015

PrintWe hope your holiday weekend is filled with friends, family and fun! Have a safe and enjoyable weekend!

A little history of Labor Day:

Labor Day is always the first Monday in September and is the creation of the labor movement and is dedicated to the social and economic achievements of American workers.

At The Money Source our core purpose is quite simple: Grow Happiness. Our Core Values help create an environment that fosters growth, achievement, and most importantly happiness for our customers and employees.

Topics: Holidays, Labor Day Weekend, Labor Day, The Money Source, Grow Happiness, Core Values, The Money Source Inc., Happy Labor Day

Inspiring Leadership and Arnold Schwarzenegger

Aug 13 2015

15 Arnold Schwarzenegger

By Darius Mirshahzadeh, CEO of The Money Source

As a young child, I idolized Arnold Schwarzenegger. He was a GOD to me. I remember sneaking into my grandparent’s family room late at night to watch HBO and I’d see him in Commando, Terminator 1, Raw Deal, Conan the Barbarian and of course Predator. I was probably too young to be watching these movies, but Schwarzenegger was the embodiment of leadership and heroism for me.

This is probably why the idea of Inspiring Leadership stands out to me when we talk about our Core Values. Leadership is not a position. Leadership is not a title. Leadership is not a plaque on the wall. Leadership is not a job. Being a leader is who you are as a person. Schwarzenegger always played the leader in his various acting roles. He did so with an ease and charisma that made him a household name. Despite recent personal issues, Schwarzenegger represented so many things we value here in America: hard work, success, strength, sacrifice, and determination, to mention just a few. Even better, he did it all with an amazing Austrian accent that is mocked by many but revered by all, simply because he embodied these values.

My father told me something when I was 16 years old that I have never forgotten. I asked him, “What is your best piece of advice for me for when I grow up?” His response is burned in my brain. “Only listen to people who you believe are more successful than you are.” I did not know what that meant at the time, but it resonated with me and still does to this day. I think what he was trying to say was to find a mentor and make sure they are qualified to give you the advice you will need.

I recently watched a great TED talk by Tai Lopez titled “The Law of 33%” that Lauren Jara’s husband, Fabian recommended to me. It is all about how important it is to find mentors. One of the things Tai suggested is to find mentors by reading books. I also think you can find mentors by watching talks. I have included the link and highly recommend you watch this talk.

Recently, I saw Mr. Schwarzenegger give a commencement speech for Emory University. It is one of my favorite talks of all time. He speaks about the six things that made him so successful. Every time I watch this talk it gives me goosebumps. I suggest watching it before you go workout or even while you work out if you want to get really motivated.

I love these six rules. Although I do not believe that all apply to every situation in life, I do believe on a macro scale they are all applicable to being successful. I often think of these rules when I see how we, as a company, have grown from a one man operation to nearly 400 employees in just a few short years. In 2011 and 2012, our Founder and Chairman Stavros Papastavrou did not let all of the barriers to entry in the correspondent space stop him from being successful. With limited resources, limited capital, and the odds very much against him, Stavros used many of Schwarzenegger’s rules and made our company into what is arguably the fastest growing lender in the USA.

In our market space there will always be someone out there who has more capital to burn, more resources than us, and a larger appetite for credit and regulatory risk. That is just the name of the game. We will have to go out and compete against these companies in any channel we choose. It is on us to be better. I believe that five of these six rules apply in our business. The only one I would disagree with is “break some rules,” for obvious reasons, of course. But the other five rules apply to us at TMS and EA without a doubt. We need to trust ourselves and trust our TEAMS. We need to work like hell and be better than our competition. We need to not be afraid to fail and to learn from our mistakes, as that is the only way we will get better. We need to ignore the naysayers and stay focused on what we are good at and what makes us a unique and special team. We also need to focus on giving something back. Whether it is as a company or to our individual communities, we must always remember how fortunate we are and to share that fortune with others. I am proud of our Ronald McDonald House team build that is happening nationwide this month, as well as the Red Cross Philanthropy Project last month. Giving to those in need is something we should always seek to grow.

I will finish this month’s article with an excerpt from the Schwarzenegger talk that I simply love and think embodies who we are as a company from top to bottom.

“Muhammad Ali, one of my great heroes, had a great line in the ‘70s when he was asked, ‘How many sit-ups do you do?’ He said, ’I don’t count my sit-ups. I only start counting when it starts hurting. When I feel pain, that’s when I start counting, because that’s when it really counts.’

That’s what makes you a champion. That’s the way it is with everything. No pain, no gain. So many of those lessons that I apply in life I have learned from sports, let me tell you, and especially that one. And let me tell you, it is important to have fun in life, of course.

But when you’re out there partying, horsing around, someone out there at the same time is working hard.

Someone is getting smarter and someone is winning. Just remember that. Now, if you want to coast through life, don’t pay attention to any of those rules.

But if you want to win, there is absolutely no way around hard, hard work.”

Topics: Inspiring Leadership, Arnold Schwarzenegger, Leadership, Dariush Mirshazadeh, Articles, Core Values, Mentor

The HP Way

Jun 17 2015

HP Founders HP founders David Packard and Bill Hewlett

It has been five months since The Money Source and Endeavor America officially merged as one. The one thing I have realized throughout this entire process is that different people react differently to change. This is one of the biggest reasons I believe that the Core Values of our company need to be at the forefront of all of our minds when we run through the daily challenges of being a part of our ever growing family and team. I was reading an article the other night from a business owner who got his MBA from UCLA in 1988. During his summer before he graduated, he had the pleasure of meeting the founders of HP (Hewlett Packard). At this point the two men who founded this iconic company were in their 70’s and had long since built what had and is now one of the largest most recognizable brands in the world. To put things into perspective, HP did $111,000,000,000 aka $111 Billion in revenue in 2014 with over 317,500 employees. That’s about 100,000 times larger than TMS/EA, from the perspective of number of employees we have compared to HP. Clearly they did a few things right.

In the article the author talked about the number 1 thing he learned from the founders of HP: “For three hours, the answer to almost every question we asked came back to people. They talked about their relationships with each other and with their employees who, by the way, they never called employees. They spoke about the culture they built. They praised their wives for baking birthday cakes to help with retention, because they knew they couldn't afford to give raises. They talked about how they worked together, working through disagreements and recognizing each others' strengths, almost as if they were married.They spoke about what seemed to them to be common sense, which eventually became known as The HP Way. Treat people with respect. Always act with the highest sincerity and integrity — no matter what.”

The article went on to describe how HP changed over the years, but what struck me the most about this article was the similarities I saw in the way the author described what was important to the founders of HP and how they relate to what I see that we as a team find important here at TMS/EA. I then went to check out what The HP WAY was and this is what I found:

The HP Way

We have trust and respect for individuals. We approach each situation with the belief that people want to do a good job and will do so, given the proper tools and support. We attract highly capable, diverse, innovative people and recognize their efforts and contributions to the company. HP people contribute enthusiastically and share in the success that they make possible.

We focus on a high level of achievement and contribution. Our customers expect HP products and services to be of the highest quality and to provide lasting value. To achieve this, all HP people, especially managers, must be leaders who generate enthusiasm and respond with extra effort to meet customer needs. Techniques and management practices which are effective today may be outdated in the future. For us to remain at the forefront in all our activities, people should always be looking for new and better ways to do their work.

We conduct our business with uncompromising integrity. We expect HP people to be open and honest in their dealings to earn the trust and loyalty of others. People at every level are expected to adhere to the highest standards of business ethics and must understand that anything less is unacceptable. As a practical matter, ethical conduct cannot be assured by written HP policies and codes; it must be an integral part of the organization, a deeply ingrained tradition that is passed from one generation of employees to another.

We achieve our common objectives through teamwork. We recognize that it is only through effective cooperation within and among organizations that we can achieve our goals. Our commitment is to work as a worldwide team to fulfill the expectations of our customers, shareholders and others who depend upon us. The benefits and obligations of doing business are shared among all HP people.

We encourage flexibility and innovation. We create an inclusive work environment which supports the diversity of our people and stimulates innovation. We strive for overall objectives which are clearly stated and agreed upon, and allow people flexibility in working toward goals in ways that they help determine are best for the organization. HP people should personally accept responsibility and be encouraged to upgrade their skills and capabilities through ongoing training and development. This is especially important in a technical business where the rate of progress is rapid and where people are expected to adapt to change.

As I read these 5 statements and their descriptions, I kept seeing similarities to our Core Values and what we find important in our business. What that spoke to me was the following. These two gentleman built a world class multi-billion dollar enterprise because they focused on the one thing that mattered most to the success of their company. They focused on the people. This is not a new idea, better yet an idea that HP adopted over half a century ago. We call this culture now. What this means is that people will always be people. We will always have the same needs of wanting to be inspired, trusted and engaged. We will always want to feel as though the work we do matters. We inherently want to do the right thing and most importantly we want to be a part of making our lives and the lives of those around us more meaningful. The founder of HP recognized this decades ago and we at TMS and EA recognize this today.

We have a lot of work ahead of us if we want to be a world class company like HP. It will not be perfect and we will always have the resolve of our Core Values tested on a hourly, daily, weekly, monthly and yearly basis. We just need to do what these guys did and continue to live our Core Values and continue to bring them to life in areas where they might not currently exist. This is a process, but I am confident in our abilities to continue to strive to make a difference in the mortgage industry and beyond.

Topics: Company Culture, Hewlett Packard, The Money Source, The HP Way, TMS Core Values, Articles, Core Values, Endeavor America, Darius Mirshahzadeh, The Money Source Inc.

Welcome to Our Blog!

Mar 26 2015

WelcomeTMS

Hello blogosphere! We are The Money Source, a national correspondent lending company devoted to Growing Happiness! What does that mean? Well, we believe that by investing in the needs of our sellers, employees, and homeowners we can create an environment that fosters growth, achievement, and most importantly happiness. How will we do that? Our Core Values shape how we will Grow Happiness.

Our big goal (every company should have one) is 1MHo+. This little formula translates to helping 1,000,000 families achieve the dream of homeownership over the next 10 years. We believe that our WHY and Core Values will help us achieve this goal.

This blog will have insights into the mortgage industry, along with the fun and exciting things happening at The Money Source and just overall a place that exemplifies our WHY and our Core Values. They are very unique and we will revisit them often in our posts. Stay tuned!

Topics: Homeownership, Our Why, The Money Source, Grow Happiness, Core Values, About Us, Correspondent Mortgage

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