Mortgage Daily Logo
mortgage news from industry experts

Net Branch Activity Big in Texas

Net Branches Boost FHA ProgramsRecent net branch activity

May 15, 2008

By SAM GARCIA

The self-proclaimed biggest U.S. mortgage broker recently grew by four branches. Other net branch companies are migrating toward government programs.

Allied Home Mortgage Capital Corp., which says it is the “largest privately-held mortgage banker/broker in the U.S.,” announced new branches in Atlanta; Corpus Christi, Texas; Hudson, Wis.; and Reno, Nev.

Centurymark Home Loans announced earlier this month the launch of an affiliated-branch program that includes FHA programs and “operational stability.” Agility Mortgage reportedly joined the Austin, Texas-based net branch lender because of its FHA lending experience as well as its handling of cumbersome accounting and compliance issues.

Centurymark said it focuses on government programs in the Southwest and West.

Sage Credit Co. announced in April that it considers reverse mortgages a tremendous opportunity for its net branch operation — especially in California. The Irvine, Calif.-based company noted its “reverse mortgage channel enhances our business offerings and makes us more competitive in the marketplace.”

Primary Residential Mortgage Inc. last month announced a partnership with Mortgage Success Source. PRMI branches will have free access to market data from Mortgage Market Guide and training and marketing programs from Loan ToolBox. In addition, the company will hold marketing conference calls once every six weeks.

 

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com.

e-mail: mtgsam@aol.com

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION