Industry NewsMortgage

Real estate mortgage co. goes for green

Newbie donates 10 percent of gross to environmental groups

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Tomek Rondio sees the world in green. Green represents his environmental activism streak as well as the money he hopes to raise for environmental groups though his new mortgage company. Earlier this year, he opened MortgageGreen, a Larkspur, Calif.-based mortgage brokerage that donates 10 percent of its gross profits to a variety of environmental and social causes. "It is high time that the financial sector shows greater responsibility and gives back to our communities and to our planet," said Rondio, an industrial and mechanical engineer by training and founder of Environmental Engineering Corp. Hear what Tomek Rondio has to say about why financial institutions should support environmental causes: The company has closed only a handful of deals so far, but Rondio said he hasn't marketed his services yet beyond posting information about a few for-sale houses on an online bulletin board. The houses were listed with realty agents he knows. Most of his customers heard about MortgageGreen ...