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Columbia, SC Mortgage Banker Back in Business

Mike Switzer

Our next guest decided to start a mortgage banking company in 2008, something hindsight may say was not exactly a wise idea.  It was the beginning of the financial crisis and a time when most banks were making it harder to finance a home because of stricter government regulations.   However, the company survived and by 2012, was number 227 on Inc. magazine’s list of the 500 fastest-growing private companies in America, and that same year, was purchased by a large regional bank.  Now, three years later he and his fellow mortgage bankers are back in business.

  Mike Switzer interviews Wade Douroux, president and CEO of Resource Financial Services in Columbia, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.