CalCon Mutual Mortgage LLC dba OneTrust Home Loans and OneTrust Senior Lending Announce Completion of Stock Sale and New Branding
Completion of a private stock sale to affiliates of a privately held real estate development and investment firm set the next stage of growth for CalCon Mutual Mortgage LLC dba OneTrust Home Loans and OneTrust Senior Lending.
After growing its mortgage banking operations significantly the past few years, CalCon Mutual Mortgage LLC, a mortgage banker headquartered in San Diego, California, announced the completion of a private stock sale to affiliates of a privately held real estate development and investment firm to set up the next stage of growth for CalCon. The principals of the investment firm have an extensive background in the financial services and real estate industry.
Excited by the strategic investment, Joshua Erskine, CEO of CalCon, noted “This gives us an even greater ability to expand our lending platform and commitment to technology. We will use the funds to grow and continue aggressively responding to the mortgage industry’s ever changing needs. At OneTrust, we see tremendous opportunities in the mortgage space. We have the tools and resources in place to capitalize on the timing of this investment to intelligently grow our company during these often volatile times. Our technology advantage places us in a desirable position competitively. We look forward to continued success.”
As part of the news, CalCon Mutual Mortgage LLC announced their new branding, operating its traditional forward mortgage platform under the name OneTrust Home Loans and its reverse lending platform as OneTrust Senior Lending.
“Our new name aligns with the core values of the company and better positioning in the eyes of consumers as we expand considerably in the coming years to become a national company. The name speaks to the strategic vision of the company’s direction and commitment to our new company tagline, Service is everything.” says Erskine. “We are experiencing a diversification in our business model to a wider array of lending opportunities and markets. Our goal is not to create the biggest mortgage banking company but one that others are measured by in terms of efficiencies, ethics, overall consumer experience, and our employees’ quality of life.”
About OneTrust Home Loans
OneTrust Home Loans is a privately-owned direct lender with sales and operations across the country. The mortgage lender provides an array of loan options including conventional, FHA, VA, USDA, Jumbo and more. OneTrust Home Loans places special importance on customer service as evidenced by their tagline, Service is everything!® For additional information visit www.OneTrustHomeLoans.com.