PrimeLending adds joint venture with Dallas homebuilder


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Dallas-based residential mortgage lender PrimeLending, a PlainsCapital Co., and Mutual of Omaha Bank have formed a joint venture that will create a new mortgage company, the companies said April 13. Mutual of Omaha Mortgage will be owned by PrimeLending Ventures Management LLC, a wholly owned subsidiary of PrimeLending, and Mutual of Omaha Bank.

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PrimeLending is entering into an dependent business arrangement with Dallas homebuilder Grand Homes that is approaching to start producing loans in february. financial sum of a arrangement were not disclosed, other than PrimeLending Ventures Management will possess a infancy seductiveness in a new company, that will be called Grand Home Loans.

Highland HomeLoans, a joint venture of Highland Homes and PrimeLending Ventures Management, was established in 2011. PrimeLending Ventures Management is a wholly owned subsidiary of PrimeLending. Founded in 1986, PrimeLending a Dallas-based residential loan originator has been listed as a top 10 mortgage lender for purchase units every year.

OMAHA & DALLAS, Apr 13, 2016 (BUSINESS WIRE) — Dallas-based residential mortgage lender PrimeLending and Mutual of Omaha Bank today announced a joint venture that will create a new company to.

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