Dallas-based Texas Capital Bank announced it is launching a correspondent lending program (Mortgage Correspondent Aggregation) to work in conjunction with its warehouse lending program.
The new division expects to hire 100 mortgage professionals in Richardson, Texas during the next year.
“We saw an opportunity to leverage these assets – and our track record in the industry – to address a significant gap in the correspondent aggregation market. We designed a program from the ground up with the specialized needs of today’s mortgage bankers and financial institutions in mind,” said Gary Ort, president of Texas Capital Bank’s Mortgage Finance Division.
With the launch, Texas Capital Bank worked with a technology partner to develop a new correspondent platform, which will be known to Texas Capital Bank correspondent sellers as Correspondent Hub.
Correspondent Hub will provide functionality and access to all of the services lenders need, including correspondent application workflow and approval processes.