Realized Investment
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First Omni Mortgage Lending
First Omni Mortgage Lending was a nationally licensed mortgage banking company. First Omni generated and closed nearly half a billion dollars in residential mortgages annually. The First Omni platform also included a complete in-house underwriting department to provide warehousing and bundling services for loans closed by the company. The assets of the division were sold to Envoy Mortgage of Texas in late 2010.
Highlights
- Innovative marketing via the internet allowed for rapid post-acquisition growth
- Internal efficiencies dramatically improved revenues and profitability