SWBC Mortgage Expands
January 24, 2008
SAN ANTONIO, TX (January 22, 2008) – Southwest Business Corporation’s (SWBC) Mortgage division is pleased to announce that it has acquired the assets of 15 branches from another Texas based mortgage lender.
Along with the branch asset acquisition, the company acquired an additional 114 employees. “The new group both supports and strengthens our existing talent pool which complements our future growth strategy nicely,” said Susan Stewart, President and CEO of SWBC Mortgage. “The goal of this acquisition is to combine our strengths and talents to create one of the most successful and efficient mortgage operations in the state. With the expanded footprint provided by the acquisition, we are projecting our loan origination volume to double over the next 18 months.”
SWBC Mortgage Corporation is a full service mortgage banking company with a wide array of products and services, including: in-house underwriting, closing, and funding; aggressively priced portfolio jumbo loans; and an extensive menu of government loan products including FHA, VA, and TX VET loans. SWBC Mortgage also offers traditional agency loan products, such as conforming fixed-rate mortgages with multiple options such as 100% fixed-rate loan products, subsidized down-payment assistance programs, and financed closing costs options. All of SWBC’s programs are designed to help borrowers select a loan program suited to help their personal financial plan.
With this acquisition, SWBC Mortgage now has additional offices in: Arlington, Texas; Austin, Texas; Clear Lake, Texas; Spring, Texas; Baton Rouge, Louisiana; Shreveport, Louisiana; Olympia, Washington; and Bountiful, Utah.
About SWBC
Headquartered in San Antonio, Southwest Business Corporation (SWBC) is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions. For more information, visit SWBC’s web site at www.swbc.com.
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