COPPELL, Texas, Jan. 28, 2015 /PRNewswire/ -- GenEquity Mortgage, Inc., a leading mortgage banker, licensed in 19 states, has completed the purchase of Houston Capital Mortgage, a Houston-based mortgage banker that has been in business for more than 25 years. The acquisition adds several branches for GenEquity in the Houston metroplex and provides entrance points into new markets. Christopher Viviano, chief executive officer, and Stacy G. London, president, will continue to lead Houston Capital Mortgage as a division of GenEquity and join the management team to assist in opportunities for growth.
"This acquisition provides us the best partner and foundation to expand our successful operations throughout the Texas and Louisiana marketplace," said London.
"There are many reasons why Houston Capital Mortgage is an ideal fit for GenEquity; the number one reason is culture. They are committed to a strict code of ethics, consistent with GenEquity's philosophy. We are excited to have Chris, Stacy, and the entire team at Houston Capital Mortgage join us to become part of the next chapter of the GenEquity story," said Mary Legate, president of GenEquity Mortgage.
The acquisition is the first in GenEquity's history and came about through the efforts of Louis Weber, regional sales manager, and many others on the GenEquity executive team.
"Because of our similar cultures and identical attitudes regarding propriety, compliance and just simply doing the right thing at any cost, GenEquity and Houston Capital are a perfect fit. GenEquity is adding a talented group of people and we look forward to working together to continue to make GenEquity a place where our employees make the difference in our success," said Richard Comparato, vice president and managing director of mortgage lending at GenEquity Mortgage.
Houston Capital will continue to do business under the Houston Capital Mortgage name and customers will experience no change in service.
About GenEquity Mortgage
GenEquity Mortgage is a nationwide mortgage banker providing innovative solutions, convenience, savings and choice through a single relationship solution. Excellence in service and competitive solutions are our hallmarks. GenEquity is a subsidiary of Paragon Global Resources, Inc. For further information, please visit www.genequity.com.
Director, Global Marketing and Communications
SOURCE GenEquity Mortgage, Inc.