New Mortgage Firm Launching

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MORTGAGE EXPERT
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A financial institution out of the Midwest is investing in a joint venture to establish a mortgage banking firm, and hirings begin in less than two months.

Mutual of Omaha Bank will be expanding its menu of home financing products through the new organization dubbed Mutual of Omaha Mortgage.

The new venture promises to “feature an incredible customer-service platform” and deliver “service beyond expectations,”
an announcement indicated.

The
Omaha, Nebraska-based company is partnering with PrimeLending, which will hold its share of ownership through subsidiary PrimeLending Ventures Management LLC.

Dallas-based PrimeLending reported more than $13 billion in mortgage originations during last year.

The joint venture will be governed by a joint operating committee represented by both organizations.

Recruiting for Mutual of Omaha Mortgage will start within 45 to 60 days.

The planned start of operations is expected to take place in the third quarter.

“It will offer a wide range of home financing options for customers, providing expert assistance from application through closing,” the statement said.

Author

Mortgage Daily Staff

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