Leading Originator to Join First Houston

Leading mortgage originator and industry trainer Greg Frost will now originate loans for First Houston Mortgage, Houston.He will maintain his position as president and chief executive of Albuquerque, N.M.-based Frost Mortgage, and his company will now originate loans for First Houston. He has a 9% market share in Albuquerque, and the company will retain its name for marketing purposes. Most recently, Frost Mortgage had been affiliated with the now-bankrupt First Magnus Mortgage, Tucson, Ariz. Mr. Frost is also vice president of new product development for LoanToolbox.com. "At this time of market instability, I wanted to go with a lender that has a great reputation," Mr. Frost said. "First Houston has the processes and technology that complements our own. For example, they have a truly paperless system, a wide variety of lending products, and a conversion support level that simplifies the way we do business." First Houston Mortgage can be found online at http://www.firsthouston.com.