Company Gives Away Free Cars at Christmas Party After Successful 2019

According to a report by Fox 29, US-based wholesale mortgage lender United Shore Financial Services gave away a total of 13 Cadillac XT5s at its 2019 Christmas party to celebrate the company’s record-breaking year. This is on top of a live performance by The Chainsmokers and 30 cruise trips to the Bahamas.

It sounds excessive, but based on the report’s numbers, the firm has a lot to celebrate. In 2019, its employee count jumped from 2,700 to 4,800 by hiring at least 250 people each month, and the company is expected to double more than double its mortgage broker volume production to $106 billion (a lot of pesos).

“It was a good year around here,” company CEO Mat Ishbia said. “The secret sauce is the people and the culture and the team.”

In the US, the Cadillac XT5 starts at a price of $41,695 (P2.1 million). This means United Shore Financial Services gave away at least P27,000,000 worth of cars during the Christmas party.

So, what’s the biggest prize you’ve ever won at a company Christmas party? Let us know in the comments.

This story originally appeared on Topgear.com.ph. Minor edits have been made by the Esquiremag.ph editors.