Alternative mortgage provider Home Trust has entered into a merger agreement with lender Fairstone Bank, with changes set to primarily streamline internal operations, leaving customer and broker experiences largely unaffected.
According to Home Trust president and CEO Yousry Bissada, many of the changes will happen behind the scenes as the two companies share resources and streamline their operations.
“Certainly, this year Home is going to continue to be independent, after that it will continue to be business as usual,” he said. “I would hope that being part of a larger organization creates more opportunities for the brokers; I’m unclear of how at this time, but I would think that something will come that’s more positive for brokers over time, whether it’s in product or pricing or service.”
Bissada adds that the merger also does not…
