FORT WORTH, Texas, May 10 /PRNewswire/ -- James E. DuBose, President
and Chief Executive Officer of Colonial Savings, today announced the
promotion of J. David Motley to President of the company's mortgage
production divisions. Previously Executive Vice President, Motley will
continue to oversee national operations of retail and wholesale mortgage
production for Colonial National Mortgage, CU Members Mortgage, which
provides mortgage origination capabilities to more than 600 credit unions
in the U.S., and Community Bankers Mortgage, which provides community banks
with mortgage programs and servicing. He will also have responsibility for
construction lending, underwriting, loan closing, and information
technology, as well as the Home Loan Center, a retail call center serving
(Photo: http://www.newscom.com/cgi-bin/prnh/20060510/DAW046 )
Motley has more than 25 years of mortgage production management
experience and has been with Colonial Savings for the past 15 years. A
graduate of the University of Texas at Austin with a B.A. in economics, he
also attended the Graduate School of Mortgage Banking, earning the
designation of Certified Mortgage Banker. Motley serves on the board of the
Texas Mortgage Bankers Association where he is Secretary/Treasurer elect.
He is also past president of the Fort Worth Mortgage Bankers
Association and is a frequent speaker at mortgage industry events.
About Colonial Savings
Founded in 1952, Colonial Savings F.A. is a comprehensive financial
services corporation headquartered in Fort Worth, Texas, and is one of the
largest servicers of mortgage loans in the nation with a servicing
portfolio of more than $10 billion. Its primary business channels are all
designed to complement the mortgage origination operation. Colonial
National Mortgage provides retail loan origination services to borrowers,
builders and realtors, as well as mortgage brokers. Its credit union
division, CU Members Mortgage, provides mortgage services to more than 600
credit unions nationwide. Colonial Savings also operates seven depository
branches throughout the Dallas-Fort Worth Metroplex, providing full service
banking and consumer loan products. The company is also affiliated with
Colonial Life Insurance Company of Texas, Colonial Lloyds, and DuBose and
Associates Insurance. With assets of $1.1 billion, Colonial Savings, F.A.
is privately held and has been awarded a Five Star Rating from Bauer
Financial, Freddie Mac's Servicing Hall of Fame Award, Fannie Mae's
"Excellence in Servicing" award, and the Department of Housing and Urban
Development's "Best Practice" award.
SOURCE Colonial Savings F.A.