Affiliated Mortgage is breaking into the wholesale origination sector, launching a division in Houston, Texas.
This comes at time when more mortgage companies are starting to slowly seep into other areas of the mortgage industry.
"The addition of the wholesale/mini correspondent division will provide Affiliated Mortgage Company’s clients with the entire suite of mortgage services," said Mike Barnett, chairman and CEO of Benchmark Bank.
The new sector will be led by Jerry Alred, the company announced. Previously, Alred worked at Houston-based Classic Home Financial.
Barnett said, "Our relationship with Jerry Alred and his team goes back many years and we know that we share a common business philosophy."