Oak Mortgage Group in Austin has opened a builder relations division in Texas.
Oak Mortgage Group's builder division will focus on establishing partnerships with small- to medium-size builders, the company said in a press release Tuesday. The company also launched a new platform designed to provide marketing assistance, sales training and new construction loans to builders.
Richard Davis, senior vice president, and Sherina Rochte, director, who have both been working with builders for 25 years, will lead the new division.
Not a lot of mortgage companies "are even looking at growing builder relationships," Davis said in the release. "Our system protects the builder's pipelines and ensures the buyer will close when their home is finished."
The reason, Jason Sherman, chief innovation and marketing officer, explained in the release, is that recent market changes indicate "a surge in building."