Bloomington, IL – August 22, 2024

Point Mortgage, a nationally recognized mortgage lender known for its strong real estate partnerships and innovative loan solutions, announced today its expansion into Bloomington, Illinois. This launch marks another strategic step in the company’s continued growth across the Midwest and reinforces its commitment to building strong, localized partnerships in key markets.

The Bloomington expansion will support homebuyers and real estate professionals throughout Central Illinois, with a particular focus on the Bloomington-Normal and Champaign markets. The move builds on Point Mortgage’s established presence in Illinois, including operations across Chicagoland and Central Illinois, as part of its broader national footprint spanning 32 states.

Point Mortgage’s growth in Bloomington is being executed in close cooperation with Coldwell Banker Real Estate Group’s Bloomington and Champaign offices, further strengthening an already successful partnership. This collaboration reflects Point’s commitment to aligning with leading real estate organizations to enhance the client experience, support agent productivity, and deliver seamless, relationship-driven mortgage solutions.

“We’re excited to continue expanding our presence in Illinois with the launch in Bloomington,” said Peter Mendiola, President and CEO of Point Mortgage. “Central Illinois represents a strong and growing market, and our partnership with Coldwell Banker Real Estate Group allows us to bring even greater value to agents and clients alike. Our focus remains on growing with the right people and delivering a consistent, high-quality experience in every community we serve.”

As part of the launch, Point Mortgage is proud to welcome DesaRae Ludolph as Loan Officer. With more than 20 years of experience in the mortgage industry, Ludolph has established herself as one of the top loan officers in McLean County, currently ranking as the second largest in the area. Her experience across both large and small financial institutions provides a well-rounded perspective, and her commitment to delivering exceptional service has made her a trusted partner to clients and real estate professionals alike.

A lifelong member of the Bloomington-Normal community, Ludolph is a graduate of Illinois Wesleyan University and brings deep local market knowledge to her role. Her strong ties to the community, combined with a relationship-first approach, align closely with Point Mortgage’s core values.

“DesaRae is an outstanding addition to our team,” Mendiola added. “Her experience, reputation, and dedication to her clients make her an ideal fit for Point Mortgage and for the partners we serve in Central Illinois.”

Ludolph will be supported by the full strength of the Point Mortgage platform, including operations, underwriting, marketing, and processing resources—ensuring a seamless experience for both clients and real estate partners from day one.

The Bloomington launch represents another milestone in Point Mortgage’s Midwest expansion strategy, as the company continues to invest in high-growth markets and strengthen partnerships across Illinois and beyond.