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History
Of
Fa-Kouri Mortgage Co. LLC
The Birth of
Fa-Kouri Mortgage is a direct result after witnessing Hurricanes Katrina/Rita
devastation to Louisiana
and its people who live in its coastal zone.
David Fa-Kouri
has been honored to be of service at such a time of great need. So much so, that Fa-Kouri Mortgage is a tool
to continue to help our Louisiana
residents and others.
David Fa-Kouri has been lending money commercially to
clients in Louisiana
since 1995 in addition to making private mortgage loans. His background and
education consist of Finance, Banking, Accounting, Collections and
Economics. David Fa-Kouri owns and
operates Fa-Kouri Mortgage Co. LLC, which was formed in 2005 with the sole
purpose of housing his private mortgage loans, separately from his lending
company.
With the advent of Hurricanes Katrina/Rita, Mr. Fa-Kouri put
on hold all of his lending practices and donated time in his role as a local
Fire Commissioner and working with first responders. He also had the privilege of being requested
to serve at FEMA’s Joint Field Office in State Public Assistance. Here he was assigned different
responsibilities: Long term Recovery
Task force, Housing Task force, and served in state public assistance in the
Finance Department for almost 100 days. David and staff were responsible for transforming a 6-week process
required pay out funding under the Stafford Act by our states military
department; this resulted in delivering over 1 billion dollars of aide to
public entities immediately after Katrina/Rita. Alongside George Schmitt who
headed up the finance department of State Public Assistance at the Joint Field
Office. During this time, David became
educated with all issues regarding the loss of Louisiana’s Coastline by working privately with
Greg Ducote of Dept. of Natural Resources.
By seeing first hand the problems that faced Louisiana and its people
from the inside, David became an advocate for funding coastal protection. Truth be told that until we have fidelity on
our coast our people’s lives and property would not be safe. So much so, that he was later honored by
President William Jenkins of Louisiana
State University
with a quest. His quest was to deliver an
economic argument focused on educating the rest of the nation, to the importance
of Louisiana and why it was in their best
interest to help fund the restoration and protection of Louisiana’s working coast. David Fa-Kouri successfully created and
delivered an economic argument that was used successfully in Washington to deliver coastal protection
funding in the form of Outer Continental Shelf Revenue Sharing under the Name
of Louisiana Economic Foundation, Inc. in
which he is the founder and director. These factual and logical arguments were presented
to Congress by Louisiana Economic Foundation Inc. and were actually used on the
floor of the United States Senate by Louisiana Senator Mary Landrieu along with
other members of Louisiana’s delegation in Washington. For the first time both houses of Congress
approved OCS revenue sharing for Louisiana.
Fa-Kouri Mortgage finally opened for statewide mortgage
lending in May of 2006 with a different purpose, TO HELP LOUISIANA
RESIDENTS RECOVER POST KATRINA/RITA. By assembling a team of lending
professionals, Fa-Kouri Mortgage has been successfully helping clients with
their mortgage servicing needs.
In addition, he owns:
Bureau of Credit
Control, Inc. formed in 1966, and purchased by David in 1987 is a service
company with a customer satisfaction rating of 99.986 % without complaint in
servicing over 44000 clients over a 13-year history. Presently, this office does collections,
recovery, debt counseling and consulting of accounts receivables.
Fa-Kouri Capital
Corporation, Inc., Opened in 1995 is a commercial hard money private lender.
General Insurance
Agency, Inc. opened in 1966 purchased in 1987 by Mr. Fa-Kouri. It is an
insurance agency, which is presently dormant and instead does consulting on
business risk aversion.
Fa-Kouri Mortgage
Company’s history is all of the above. It is a tool to service the needs of Louisiana residents by providing true
mortgage lending service. Our goal is to deliver the best funding
solution possible. By doing so, only
then can our Louisiana
residents hope to regain what it has lost as a result of the realities that
exist in our state.
I hope this brief history of Fa-Kouri Mortgage Company, LLC
gives whom ever a good idea of who we are and what we are about with respect to
how seriously we take care of clients
Sincerely,
David Fa-Kouri, (Manager, President, Founder)
Fa-Kouri Mortgage Company, LLC
Fa-Kouri Capital Corporation, Inc.
Bureau of Credit Control, Inc.
Louisiana
Economic Foundation, Inc.
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