The mortgage motivator – NMP Skip to main content

The mortgage motivator

Jan 24, 2008

First Houston announces Residential Mortgage Consultants as new affiliateMortgagePress.comFirst Houston, Residential Mortgage Consultants, mortgage banking First Houston Mortgage, a mortgage-banking firm licensed in 20 states that offers expertise in every aspect of the residential mortgage lending process, announced Residential Mortgage Consultants (RMC), a lender serving the St. Louis area for more than 10 years, as its latest affiliate branch. As an extension of First Houston, RMC is able to incorporate First Houston's assortment of products and services into its own business practices, including full access to an offshore facility for loan processing assistance, more competitive loan pricing, electronic signature capability, a complete in-house underwriting system and a unified paperless lending platform. These benefits enable RMC to offer its customers lower rates and further enhance the quality of its services through expanded product offerings, reduced operating costs and faster loan closings. "With the additional back-office support and advanced technological capabilities provided through our affiliation with First Houston, we are able to focus more on originating new loans and better serving our customers with the cost and time savings this union brings," said Gary Bussard, branch manager of RMC. First Houston began its affiliated net branch program in 2006 and has since grown to more than 25 branches nationwide with more than 300 employees. "espite the down market, we have been able to grow significantly, largely due to our reliance on technology," said David Zugheri, co-founder of First Houston. "Our affiliate partners are able to share in our success by leveraging our more streamlined lending process into business opportunities." For more information, visit www.firsthouston.com.
About the author
Published
Jan 24, 2008
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026