HOUSTON--(Business Wire)--
First Houston Mortgage, a mortgage-banking firm licensed in 20
states that offers expertise in every aspect of the residential
mortgage lending process, announced Cascade Mortgage, a Vancouver,
Wash.-based mortgage lending and financial services firm, joined First
Houston's network of affiliated offices.
As an extension of First Houston, Cascade is able to integrate
First Houston's suite of products, services and technology into its
own business practices. These services include a unified paperless
lending platform; complete in-house underwriting system; electronic
signature capability; competitive rates and a paperless file
management system. Cascade Mortgage also gains access to First
Houston's offshore operations facility in India for loan processing
assistance.
"Our union with First Houston yields cost and time savings that
can be leveraged into a competitive advantage for Cascade Mortgage,"
said Rod Mastrud, regional division manager of Cascade Mortgage. "With
the extensive back-office support provided by First Houston's
headquarters in Houston, we can now focus entirely on originating new
loans and better serving our customers."
First Houston began growing its affiliated network of branches in
2006 and now has 25 branches nationwide with more than 250 employees.
"Our affiliated branch division is one of the innovative ways
First Houston has been able to prosper, even as the mortgage industry
went into a slump," said David Zugheri, president of First Houston.
"We offer our branches an opportunity to be part of a new era of
next-generation lenders who collectively share the same core values
and business processes that are rapidly becoming essential to all
organizations in the industry."
About First Houston Mortgage, Ltd.
Based in Houston, First Houston Mortgage offers a wide variety of
lending products and expertise for all areas of the residential
mortgage lending industry. Innovative technologies enable the company
to maintain a completely in-house origination process, thus reducing
costs and improving efficiencies. For more information, visit
www.firsthouston.com.
Media contacts for First Houston:
Sarah Wroble, 678-781-7236
or
Chuck Meyers, 678-781-7204
Copyright Business Wire 2008
