Norwest Mortgage Inc., Des Moines, Iowa, has formed a joint venture with Edina Realty Inc., Minneapolis, that will originate mortgage loans for the real estate company's customers.This partnership will operate under the name Edina Realty Mortgage. As part of its retail production network, Norwest Mortgage operates more than 25 joint venture mortgage partnerships with real estate brokers and builders. Edina Realty Mortgage will serve home buyers in Minnesota and western Wisconsin. Edina Realty is the nation's fourth largest residential real estate brokerage, with sales volume of $4.1 billion in 1997. Edina Financial Services Inc., parent company of the real estate firm, also operates a title unit, Edina Realty Title.
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