Dallas-based residential mortgage lender PrimeLending and Mutual of Omaha Bank are joining forces to create a new company.
The company, Mutual of Omaha Mortgage, will provide a wide range of home financing services.
Jeff Schmid, Chairman and CEO of Mutual of Omaha Bank, said: “Mutual of Omaha Mortgage brings together two culturally similar firms and leverages the best of both.”
Mutual of Omaha Mortgage will begin recruiting for a wide-variety of positions within the next 45 to 60 days, according to a statement.
Mutual of Omaha Mortgage is expected to begin operations in the third quarter of 2016.
Both parties will run Mutual of Omaha Mortgage by a joint operating committee.
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