San Diego, CA (PRWEB) August 21, 2013
After growing its mortgage banking operations significantly the past few years, CalCon Mutual Mortgage LLC, a mortgage banker headquartered in San Diego, California, announced the completion of a private stock sale to affiliates of a privately held real estate development and investment firm to set up the next stage of growth for CalCon. The principals of the investment firm have an extensive background in the financial services and real estate industry.
Excited by the strategic investment, Joshua Erskine, CEO of CalCon, noted “This gives us an even greater ability to expand our lending platform and commitment to technology. We will use the funds to grow and continue aggressively responding to the mortgage industry’s ever changing needs. At OneTrust, we see tremendous opportunities in the mortgage space. We have the tools and resources in place to capitalize on the timing of this investment to intelligently grow our company during these often volatile times. Our technology advantage places us in a desirable position competitively. We look forward to continued success.”
As part of the news, CalCon Mutual Mortgage LLC announced their new branding, operating its traditional forward mortgage platform under the name OneTrust Home Loans and its reverse lending platform as OneTrust Senior Lending.
“Our new name aligns with the core values of the company and better positioning in the eyes of consumers as we expand considerably in the coming years to become a national company. The name speaks to the strategic vision of the company’s direction and commitment to our new company tagline, Service is everything.” says Erskine. “We are experiencing a diversification in our business model to a wider array of lending opportunities and markets. Our goal is not to create the biggest mortgage banking company but one that others are measured by in terms of efficiencies, ethics, overall consumer experience, and our employees’ quality of life.”
About OneTrust Home Loans and OneTrust Senior Lending
OneTrust Home Loans is a direct lender and servicer with sales and operations across the country. OneTrust Home Loans provides an array of product options including conventional, FHA, VA, USDA, jumbo, resort lending, and foreign national loan options. OneTrust Home Loans is focused on strategic national growth without compromising its market niche of fast and efficient loan closings and being a home-buying resource for consumers from their search for that special home through closing. OneTrust Senior Lending exclusively offers reverse mortgage products to Seniors 62 and over who need access to their home equity while maintaining homeownership. The company’s senior management team has years of experience in successful loan closings. OneTrust Home Loans and OneTrust Senior Lending emphasize customer service as evidenced by their tagline, Service is everything. For additional information, please visit http://www.OneTrustHomeLoans.com and http://www.OneTrustSeniorLending.com/.