Mortgage Daily

Published On: April 14, 2008
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

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