Day by day, one of the most powerful aspects you bring to your clients is your resourcefulness and ability to help them reach their dreams. That’s the same spirit you look for when you partner with others. That’s where Branch Manager Mike Colagrossi and his team at Loan Depot NW excel … in turn, connecting your clients with results.

Mike ventured into the mortgage industry in 2003 after a successful stint in tech sales, particularly focusing on customer relationship management (CRM) and database solutions. His background includes eight years as Area Sales Manager with Bay Equity Home Loans, as well as three years as Branch Manager at NFM Lending. Following the dot-com crash, Mike sought a path that would leverage his skills and interests, leading him to co-found First Rate Financial, which he successfully ran for a decade. His experience during the tumultuous sub-prime crisis shaped his understanding of the financial landscape and reinforced his commitment to ethical lending practices. After merging with Bay Equity Home Loans, he took on regional responsibilities, further solidifying his expertise in the field.

At Loan Depot NW, Mike leads a dynamic team including Area Sales Manager, Justin Andrews, and Co-Manager, Augie Bukowski. His primary focus is on expanding the company’s regional presence while ensuring every client receives personalized, attentive service. “Every mortgage company has the ability to close loans,” he explains. “What sets us apart is our ability to communicate with our business partners and gain their trust. We prioritize our clients' interests which fosters longer, stronger relationships. Plus, we have built our team in a way that really empowers our loan officers to drive business by removing the clerical and back-office tasks that can often bog them down.”

Mike believes effective communication is key in the mortgage industry. “When agents send referrals to me, I understand that it reflects directly on their relationship with their clients. I want them to know they can reach out to me with any question and receive a truthful answer that puts their interests first,” he emphasizes. His dedication to transparency and reliability is a cornerstone of his approach to business.

Family is at the heart of Mike’s life, both personally and professionally. He cherishes time with his fiancé, Melissa Waller, a real estate agent with Compass Bellevue, who not only supports his professional ambitions but also shares his commitment to helping clients. Melissa is a Top 1% Agent who was also featured in Real Producers and has served as Keynote Speaker for a previous Real Producers' Mastermind. “Melissa is so important to me and our family,” Mike says with a smile. Together, they navigate the challenges of raising five children—Olivia, Joe, Tanner, Landon, and Hudson—each of whom is involved in competitive sports.

Mike understands the importance of balance in his life. “This job can be all-consuming, but the kids come first and work comes second,” he states. His dedication to family and community is evident in everything he does, reinforcing his belief that a supportive personal life enhances professional success. Mike and Melissa enjoy supporting Seattle Humane. They share a passion for animals and the outdoors including hiking and skiing with family. 

Mike’s vision for Loan Depot NW extends beyond closing loans. He sees his role as a resource for the community, offering guidance and support that goes beyond the financial transaction. “I want to be available as a resource for everything,” he explains. “The last thing I want to do is overpromise and under-deliver.” This commitment to serving as a dependable source of information and assistance sets him apart in a crowded market. Whether clients have questions about the mortgage process, need advice on financial planning, or simply want to understand their options better, Mike is ready to lend his expertise. His approach aligns with Loan Depot’s mission to help people, making the mortgage experience as seamless and beneficial as possible.

As Loan Depot NW continues to grow, Mike is enthusiastic about the opportunities ahead. With a solid foundation built on trust, communication, and community, he aims to expand the company’s reach while maintaining the personal touch clients have come to appreciate. “Our goal is to make a significant impact in the Seattle area,” he states. “We want to ensure that everyone we work with feels valued and respected, no matter their background or financial situation.”

Mike's dedication to creating an inclusive and supportive environment resonates deeply in today’s diverse market. By fostering strong relationships with clients and partners alike, he believes that Loan Depot NW can help transform the mortgage experience for everyone involved.