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Dallas mortgage company expands with Mutual of Omaha partnership (4/13/16)

A Dallas mortgage company is teaming up with one of the country’s biggest insurance firms to expand its home financing business.

PrimeLending and Mutual of Omaha Bank — a subsidiary of Mutual of Omaha Insurance — said Wednesday that they will form a joint venture to provide a variety of home financing services.

“We are excited to partner with PrimeLending to create Mutual of Omaha Mortgage and to extend a full suite of home financing products and services to our customers,” Jeff Schmid, Chairman and CEO of Mutual of Omaha Bank, said in a statement. “Mutual of Omaha Mortgage brings together two culturally similar firms and leverages the best of both.”

Founded in 1986, PrimeLending is a division of PlainsCapital Corp. and one of the 10 largest home purchase lenders in the country.

The new company will be jointly owned by PrimeLending Ventures Management LLC and Mutual of Omaha Bank. It will be based in Omaha, Neb.

“Working together, this new mortgage company will feature an incredible customer service platform that will demonstrate our joint commitment to delivering service beyond expectations,” Todd Salmans, chairman and CEO of PrimeLending, said in a statement.

The company said it plans to start recruiting workers for the new operation in 45 to 60 days and expects to be up and running by the third quarter of 2016.

In 2015 PrimeLending funded $13.3 billion in mortgages.

http://bizbeatblog.dallasnews.com/2016/04/dallas-mortgage-company-expands-with-mutual-of-omaha-partnership.html/