Glen Lazovick holds the Certified Mortgage Planning Specialist (CMPS) designation and has more than twenty-nine years of mortgage and lending experience. Previously, Mr. Lazovick served as the SVP of Business Development and Chief Sales Officer at the Mid-Atlantic Federal Credit Union (MAFCU). Mr. Lazovick first joined MAFCU, a credit union with over $250 million in assets, in 2007.
Lazovick is a member of the Mortgage Banker Association of Metropolitan Washington. He served on the Association’s Board of Governors from 2002 to 2004. He also served three terms as Chairman of the group’s Fall Conference Committee, from 2002-2004. He currently serves on the Board of Directors for, Integrated Living Opportunities (ILO). Previously Lazovick served on the Boards of CSAAC (Community Services for Autistic Adults and Children), Arts on The Block, The Menare Foundation and CAFÉ Montgomery County (Coalition for the Advancement of Financial Education). Glen also was active on the Community Service/Philanthropy Involvement Committee of Leadership Montgomery and was Chairman of the Membership Committee for the Rockville Chamber of Commerce. Glen is a Graduate of Leadership Montgomery, class of 2011.
Prior to his work at MAFCU, Lazovick was a mortgage banker with Bankers Home Mortgage Group from 2005 to 2007 where he was responsible for originating residential mortgage loans, assisting in recruiting loan officers, and developing and implementing marketing campaigns. Lazovick was also a Vice President with The New York Mortgage Company, where he worked from 1997 to 2005. He was responsible for retail production and operations in Montgomery County, Frederick County and Northern Virginia among other duties.
Before entering the mortgage industry, Lazovick worked in operations, service and marketing for Grumman Systems Support Corporation in Maryland, as well as for NEC Information Systems and Tektronix, both in New Jersey. Originally studying to become an electrical engineer through coursework at community colleges, Lazovick later studied liberal arts at Rutgers University, as well as accounting and marketing at Wharton. Lazovick and his wife, Debbie, live in Rockville, Maryland.
Whether you’re looking for capital for a Fix & Flip, Rental, or need a line of credit, we have a program to meet your needs.
|Fix and Flip Loan Program||Rental Loan Program||Lines of Credit|
|Project Type||1-30 Unit Residences
|Single Family Residential
Multi-Family (2-4 Units)
|Loan Amount||$75,000 to $10MM||$75,000 to $2,000,000|
|Loan to Value (LTV)||Up to 90%||Up to 80%|
|Rent Coverage Ratio||Not applicable||1.0x|
|Loan Term||12-36 months||5/30 7/30 10/30
|Interest Rate||From 7.9%||From 6.5%|
|Rehab Financing||100%||Not Available|
|Proceed Usage||Purchase, Refinance, Renovation, Bridge, Cashout||Purchase, Refinance, Cashout|
|Those Who Qualify||US Citizens, Foreign Nationals, Permanent Resident Alien||US Citizens, Foreign Nationals, Permanent Resident Alien|