Wingspan keeps open mind for acquisitions in 2014
Keeps evolving with the mortgage market
Dallas-based Wingspan Portfolio Advisors completed 2013 with several significant profile acquisitions that drastically increased the company’s size and expanded its capabilities.
Looking ahead, Steven Horne, CEO and president of Wingspan Portfolio Advisors, said, “The role of the component services provider has changed dramatically over the last year or two.”
“There are fewer companies in number but they are much larger and offer many more services. Companies in our business must be equipped to perform a broad array of functions on a very large scale, and this means extensive investment in technology, deep legal expertise, bulletproof compliance and vast financial resources,” Horne explained. “Sometimes that involves acquiring companies rather than building from scratch.”
To name a few, Wingspan acquired a 400-person servicing facility from JPMorgan Chase in February of 2013 in Melbourne, Florida, and a customer service operation in Monroe, Louisiana, in September 2013. And this is only a glimpse into its acquisitions.
“We are definitely open to additional expansion if the right opportunity becomes available,” Horne said. “But we are more focused on helping new and existing clients be profitable and meet their challenges in the new regulatory environment.”