Skip to main content

Castle & Cooke Mortgage Expands Its Presence With New Utah Branch

NationalMortgageProfessional.com
Feb 22, 2016
Castle & Cooke Mortgage LLC, with 43 locations across the United States, has announced the acquisition of the sales and operational staff of Sun Valley Mortgage and the opening of a second branch in South Ogden, Utah

Castle & Cooke Mortgage LLC, with 43 locations across the United States, has announced the acquisition of the sales and operational staff of Sun Valley Mortgage and the opening of a second branch in South Ogden, Utah. Previous founder and President of Sun Valley Mortgage Dennis Porter will assume the position of senior loan officer and branch manager for the new branch, and he will be leading a team of 10 loan originators and related support staff.

In a move described by Castle & Cooke Mortgage's President and COO Adam Thorpe as "ideal," this is the third new branch Castle & Cooke Mortgage has opened in 2016, on the tail of the nine it opened in 2015. With the company's drive to offer its leading-edge lending services in more states in the continental U.S., it plans to reach a total of 15-20 new markets this year.

Porter is an industry veteran who brings  22 years of experience with him to the position of branch manager in South Ogden. During the last several years, Porter has been responsible for the funding production of more than 150 loan originators in the region and is known for his consistency and business integrity. Porter will continue to lead his seasoned team of lending professionals with the greater flexibility offered by Castle & Cooke Mortgage's robust sales platform, including the company's comprehensive suite of loan products, 24-hour turn times, and a commitment to provide its sales force with unparalleled sales and marketing support. This branch opening marks the ninth in the state of Utah and the 12th new branch for Castle & Cooke Mortgage in the past 12 months.

"This was a monumental decision for Sun Valley Mortgage," said Porter. "Fortunately, we found a good fit with Castle & Cooke Mortgage. The company is aligned with our core values and shares our philosophies. This move will allow us the freedom to focus on lending and client services and refine our professionalism with the support of Castle & Cooke Mortgage's estimable marketing and administrative capabilities. We have always made a living by helping people accomplish their financial goals and by honoring our clients' trust. I believe we are going to continue to do that while delivering a better and more complete product to the public."

"Expanding in South Ogden by acquiring the Sun Valley Mortgage team is an ideal situation for Castle & Cooke Mortgage," said Thorpe. "Dennis Porter and his team will be a tremendous asset to our company. Their core values and work ethic are directly aligned with the culture and guiding principles that are so important at Castle & Cooke Mortgage. They understand their market and how to deliver superior consumer experiences with every loan they fund. Castle & Cooke Mortgage already has a strong presence in Utah, and I am confident that Dennis Porter's experience and leadership, and the high standards of his team will further enrich the standards we are all dedicated to maintaining."

Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021