William Lyon Homes, a homebuilder based in Newport Beach, Calif., has created ClosingMark Financial Group LLC as a wholly-owned subsidiary that will provide homebuyers with products including title agency, settlement and mortgage services.
ClosingMark has recently begun to offer title agency services in the Central Texas, Arizona, Colorado and Nevada markets, and expects to expand its title and settlement services operations into virtually all of the company’s homebuilding markets over the next two quarters. ClosingMark has also acquired South Pacific Financial Corp., which was rebranded as ClosingMark Homes Loans Inc. an independent retail mortgage banking company based in Irvine, Calif., which will serve as the platform for building out ClosingMark’s mortgage-related services.
“We are excited to take the next steps in the strategic evolution of our ancillary financial services business, following up on our hiring of Brian Hale, a 35-year veteran of the mortgage business, last year to optimize and build out our financial services group, and putting us in position to have a full suite of in-house financial services available to our homebuyers by the end of the year,” said Matthew R. Zaist, the company’s president and CEO. “Under Brian’s leadership, ClosingMark will be committed to providing competitive financial services and outstanding customer service to support the needs of our homebuyers and complement our homebuilding operations, while providing an additional source of earnings for the company.”