HomeStreet Opens Six Home Loan Centers in California

Published September 06, 2013, 12:21 p.m. EDT

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Updated September 09, 2013, 2:37 p.m. EDT

1 Min Read

HomeStreet in Seattle has expanded its mortgage business in the Golden State, opening six offices in Northern and Central California.

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The new home loan centers are located in Napa, Fairfield, Sonoma, Elk Grove, Campbell and Carmel Valley, the $2.8-billion-asset firm announced Thursday. HomeStreet opened its first California home loan center in Pasadena this February.

"We believe these new locations reflect strong housing markets and economies that provide HomeStreet with a significant opportunity to further expand our home loan business in California," executive vice president and single family lending director Rose Marie David said in a press release.

While mortgage banking has historically accounted for most of HomeStreet's earnings, the company has been working to diversify since going public in 2012. It announced plans to buy two Washington banks for a total of $37.3 million in July, and agreed to acquire two AmericanWest branches in a separate deal.

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