Hometown Lenders eyes national expansion with launch of 14 branches

As other mortgage lenders lay off workers, Hometown Lenders, based in Huntsville, Alabama, is advertising more than 40 jobs for loan originators, processors and other positions.

Hometown Lenders, based in Huntsville, Alabama, is in many more hometowns these days, having opened more than 14 new branches so far this year as it continues to pursue strategic national expansion.

According to the National Multi-State Licensing System, Hometown Lenders sponsors 626 mortgage originators, who work from 128 branches in over 40 states under trade names including 1st Family Mortgage Company, Bryte Home Loans, Hometown Texas, My City Mortgage, Southtown Mortgage, The Conley Group, Tila Mortgage, Total Choice Mortgage and Waymaker Mortgage.

As other lenders lay off workers to downsize as the mortgage refinance boom comes to an end, Hometown Lenders is announcing more than 40 openings for mortgage originators, loan processors and other positions nationwide.

John Taylor

“We’re focused on growing not just with volume, but with the right people, and we’re thrilled to partner with professionals of the highest caliber who share Hometown Lenders’ core value of people instead. than profits,” Hometown Lenders president John Taylor said Friday. in announcing the acquisition of nine new branches in Washington, Oregon, Alaska and North Carolina.

Hometown Lenders previously announced the acquisition of three branches in Connecticut and Washington on March 29, the opening of a new branch in AuburnAlabama, February 22, and two new branches in North Carolina and Oregon on January 11. Last year Hometown Lenders issued nine press releases detailing the opening or acquisition of 21 new branches in 2021.

Founded in 2020 by Owner and CEO William (Billy) Taylor, Hometown Lenders attributes his success to proprietary systems that bring automation closer to the point of sale, increasing efficiency and productivity to offer mortgages at a lower cost than competitors.

Hometown Lenders is a customer of SimpleNexus, the developer of a homeownership platform for loan officers, borrowers, realtors and settlement agents. In March, SimpleNexus selected Hometown Lenders as the recipient of its annual Capstone Enterprise Award, which honors enterprise lenders using the company’s homeownership platform “to dominate the residential mortgage market.”

Andria Lightfoot

“Hometown Lenders is a model of how corporate lenders can maximize their success and achieve amazing growth with a great team and cutting-edge technology, all pulling in the same direction,” said Andria Lightfoot, Chief SimpleNexus customers, when announcing the price.

SimpleNexus agreed in November to be acquired by cloud banking solutions developer nCino Inc., in a $1.2 billion deal that expanded nCino’s capabilities to serve the mortgage market in the point of sale.

Amerant Bank continues mortgage expansion through joint venture

Florida’s second-largest community bank, Amerant Bank, is also expanding its national mortgage lending footprint through a joint venture, Amerant Mortgage LLC, which it launched last year with former City National Bank executives Howard Levine, Tony Eelman, Marshall Martin and Joe Keel.

After expanding its footprint with the $1 million acquisition of Boise, Idaho-based First Mortgage Company Inc. in May 2021, Amerant Mortgage has hired a team of industry veterans to expand its channel wholesale loan.

According to the National Mortgage Licensing System, Amerant Bank employs 139 registered mortgage originators, while Amerant Mortgage employs 27 mortgage loan officers and sponsors three more. Amerant Mortgage is licensed in Connecticut, Georgia, Idaho, Illinois, Kentucky, Maine, Maryland, Montana, New Hampshire, New Jersey and Puerto Rico, Rhode Island and South Carolina .

In his last quarterly report to investors, Amerant Bancorp said it paid $1.5 million to Amerant Mortgage on March 31, raising its stake in the joint venture to 57.4% from 51% at year-end. Amerant Mortgage, which employed 79 people at the end of March, generated a net loss of $2.2 million in the first quarter as it “continues to execute its growth strategy,” Amerant Bancorp said.

Some mortgage lenders have downsized as their refi business dries up, including Better, Pennymac, Guaranteed Rate, Keller Mortgage, Mr. Cooper and Wells Fargo. In the first-quarter earnings report, Rocket Companies Inc. executives said they expect buyout offers made to 2,000 employees to save $180 million a year, while LoanDepot executives said they did not expect to make a profit this year and would lay off workers and suspend the company’s quarterly dividend.

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