Southwest to Enter SF Mortgage Banking

Southwest Securities Bank, Arlington, Texas, has hired Arthur Ochoa to start a single-family mortgage banking operation."We believe the single-family mortgage business will further diversify the bank while adding an important new source of revenues," said Dick Driscoll, chief executive of Southwest Securities Bank. Mr. Ochoa started as a loan officer at Bankers Life Mortgage before opening his own mortgage company in 1987, Southwest said. After seven years he sold the company and returned to Bankers Life, which was soon renamed Principal Residential Mortgage. Mr. Ochoa then opened a number of markets across the state for Principal. In his new role, Mr. Ochoa will open offices for Southwest Securities Bank in the Dallas-Fort Worth suburbs of Arlington and Hurst, as well as in Granbury, approximately 50 miles away. There are plans for further expansion, the company said.