Introduction

Magellan International Mortgage is a highly successful boutique mortgage brokerage business with a 25 year history, operating out of Key Biscayne since 1997. With almost 1 billion dollars in closed transactions, Magellan International has handled the mortgage financing of all types of residential properties in the Miami-Dade area for both local and foreign borrowers. Magellan was established with the principal objective of helping the modern consumer identify the mortgage instrument that best fits their individual profile and handle their mortgage needs from beginning to end with unparalleled service in a timely manner.

The financing opportunities available to home buyers today are more complex than they have ever been; our aim at Magellan is to give our client the direction and service they need to obtain the best financing possible. This is the objective that Maria Somarriba, the principal broker, sets for in every transaction to always secure a customer for life. We enjoy a 45% repeated business as some of our clients come back to us 3 or 4 times to attend to their mortgage needs.

Magellan offers clients exceptional personal and responsive customer service. We hold expertise in negotiation with a large lender base, enabling the firm to obtain the lowest rates through the effective use of placement strategies. The firm's strong lending relationships have allowed us to experience steady growth, set ambitious goals for the next five years, and currently seeking to enhance and improve its marketing communications capabilities.

We're Not Afraid Of An Early Commitment

You know how it is. Once you've made that perfect match, the right buyer, the right seller... the fun really begins. You never know what problems and delays could pop up: settlement delays, a rate change, or maybe even a broken loan commitment that starts you and your buyer on the mortgage approval route all over again.

You need to work with people who value your homebuyer as much as you do, ones packed with options and great relationships to position your borrower in the best strategic financial situation. We are committed to providing the highest quality mortgage solutions and customer experience by continuously offering superior product knowledge, expertise in negotiations resulting in optimal terms, and the most reliable and responsive personal service for borrowers, lenders, realtors and developers.

The name Magellan is synonymous with challenge, innovation, success, and a new world. This is why Maria Somarriba named her new mortgage company, Magellan International Mortgage Corporation, after the explorer who first circumnavigated the world. Somarriba first began her career in the real estate industry in 1983 as she managed developments for 8 years before selling residential and commercial real estate for a few years. Following this experience, she founded Premier Mortgage, Fortune International Realty's in-house mortgage company that she directed for 3 years. Through her years of developing experience, she has formed lending relationships with several major institutions and has grown familiar with their products, both local and national.

Our first loan had been closed in 1997 and have been helping homeowners achieve their dreams of financing their property ever since. Maria, being the owner and mortgage broker of the boutique company, has closed over 2,600 residential properties in the Miami-Dade area. With a 40% repeated business, support of magnificent lending teams, and solid trustworthy sources, Magellan International is ready to assist your mortgage needs at our principal office. We have employees fluent in English, Spanish, and Portuguese, who can make appropriate placements for not only local buyers, but for foreign clients as well. We pride on integrity, knowledge, and professionalism and would be honored to have you join our close community.

Maria Somarriba
Owner/President
NMLS # 299948
Magellan International Mortgage Corporation