Dallas Bank Forms Mortgage Subsidiary

Benchmark Bank, Dallas, has formed a new mortgage subsidiary, Affiliated Mortgage Co., West Monroe, La., that will originate loans through the correspondent channel.AMC has acquired the assets and retained the staff of the Freedom Mortgage correspondent division. Benchmark said AMC president Bill Taylor has been in the mortgage business in Monroe, La., since 1982, and AMC's senior management has over 150 years of combined mortgage experience in a correspondent lending environment. "We have a 25-year proven track record in the correspondent business, with an emphasis on purchasing high-quality agency loans," said Dan Hastings, senior vice-president and national sales manager of AMC. "With the recent changes and consolidation going on in our industry, the timing could not be better for Affiliated Mortgage to enter the correspondent business." Benchmark Bank can be found online at https://www.benchmarkbankonline.com/home.