Home >> News >> Data >> Northstar to Enhance Mortgage Operations Via Goldome Acquisition
Print This Post Print This Post

Northstar to Enhance Mortgage Operations Via Goldome Acquisition

""Northstar Bank of Texas"":https://www.nstarbank.com/ has announced the closure of a deal that gives the company a controlling interest in ""Goldome Financial, Inc."":http://www.goldomellc.com/ Through the acquisition, Northstar, a member of ""Carlile Bancshares, Inc."":http://carlilebancshares.com/, is set to expand its treasury management product line and mortgage division.

[IMAGE]

Based in Flower Mound, Texas, Goldome specializes in providing warehouse lines of credit to the lending industry, funding mortgage loan transactions in various regions around the country.

[COLUMN_BREAK]

Goldome's current manager, Pamela Robinson, will continue to lead the company's operations as per the terms of the agreement with Northstar.

In an official statement regarding the acquisition, Northstar stated that both companies are moving ""forward with this new ownership structure on the firm belief that the additional ownership expertise and resources being brought to bear in Goldome's operating platform will provide expanded funding capability and enhanced service levels for the customers of Goldome.""

Concluding the company's commentary, Northstar noted, ""The principals of Northstar, Carlile, and Goldome look forward to this new chapter in the evolution of Goldome and the furtherance of existing customer relationships and the establishment of new ones.""

Directed by Tom C. Nichols, chairman, and Tony Clark, president and CEO, Northstar has assets over $1 billion. The company is the largest community bank in Denton County, Texas, and is considered one of the largest in the Dallas/Fort Worth metropolitan area.

About Author: Abby Gregory

x

Check Also

Home Price Appreciation Projected to Slow by May 2023

New research from CoreLogic revealed year-over-year home price growth dropped slightly from April but still posted an estimated 20% increase in May. Meanwhile, experts project annual U.S. home price appreciation to slow next year, but by how much?

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.