Bank News

Constantine “Gus” Drakakis recently joined First County Bank as Vice President of Mortgage Lending Operations

Gus Drakakis

Constantine “Gus” Drakakis recently joined First County Bank as vice president, mortgage lending operations, a new position within the bank.  He manages all residential mortgage application operations.

His team of mortgage processors and underwriters ensures a consistent closing and post-closing application process.  They maintain quality control to ensure a fully compliant, highly efficient mortgage application process for the bank’s loan originators and their customers.

“First County Bank has positioned its mortgage lending department for growth as the mortgage industry continues to recover,” explained Rey Giallongo, president of First County Bank.  “The changing market has allowed the bank to assemble an experienced and knowledgeable management team, as industry veteran Gus Drakakis attests to.”

With the use of state-of-the-art technology, First County Bank’s origination model allows the company to consistently process and close a loan within 30 days on average.

“First County Bank’s goal is to close loans on time, every time,” Giallongo said, adding, “The capacity to originate many times our current volume combined with our local decision-making capability will help us achieve this goal.”

“I look forward to helping First County grow its residential mortgage lending business,” said Drakakis.  “My experience coupled with the breadth and depth of our originators and branch network will significantly impact the borrowers in lower Fairfield County.”

Drakakis brings extensive experience directing business development, residential mortgage loans, secondary market operations and reverse mortgages to First County Bank.  During his 27-year career, he has worked at Wells Fargo Home Mortgage, GE Money Bank, New Century Mortgage Corp., Superior Bank and Lincoln Savings Bank.

Drakakis earned a bachelor’s degree in economics from Lehman College, City University of New York, and did additional studies at Fairfield University’s National Graduate School of Finance and Management.  He lives in River Vale, N.J. with his wife.

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