FGMC Adds Division, Opens Florida Fulfillment Center

""First Guaranty Mortgage Corp."":http://www.fgmc.com/ (FGMC) announced it has added a division in its Third Party Originator (TPO) created to focus on United States Department of Agriculture (USDA) Rural Housing Program loans as well as manufactured housing loans under Federal Housing Administration (FHA), Veterans Affairs (VA), and conventional loan programs.

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The new division joins the TPO group's wholesale, correspondent, and bulk lending divisions.

In addition to the new division, FGMC announced the opening of a fulfillment center in Boca Raton, Florida, a region long recognized ""as the operational hotbed for USDA operations and expertise,"" according to a release. The company has also added a number of employees with USDA experience as underwriters and senior processors to staff the new center.

""Boca Raton is home to the best and brightest of those specializing in USDA loans,"" said FGMC CEO Andrew Peters. ""These programs require experts in the field and FGMC is proud of the extensive and growing resources we have available in that regard.""

Peters also added that the company plans to continue its steady growth across product channels and is ""aggressively looking for relationships with mortgage brokers as well as flow sellers and bulk sellers."" Flow or bulk mortgage servicing rights transactions are also being considered ""for the right counter parties,"" he said.