First Houston Announces Global Financial Services as New Division

by 19 May 2008
HOUSTON, May 19, 2008 ? First Houston Mortgage, a mortgage-banking firm licensed in 18 states that offers expertise in every aspect of the residential mortgage lending process, announced Global Financial Services, a Bethesda Md.-based mortgage lending and financial services firm, joined First Houston?s extensive network of branches. As a result of its affiliation with First Houston, this division strengthens its own operations and efficiencies by integrating First Houston?s breadth of products and services, including a unified, proprietary paperless lending platform; in-house underwriting system; electronic signature capability and paperless file management system. Global Financial Services also receives full access to First Houston?s offshore operations facility in India for loan processing support. ?Partnering with First Houston has enabled Global Financial Services to strengthen our national exposure, technological capabilities and capital infusion,? said Adam Doyle, president of First Houston Mortgage?s Global Financial Services division. ?We are able to maintain our own identity, but further enhance our competitiveness through First Houston?s economies of scale and operational improvements.? First Houston began growing its affiliated network of branches in 2006 and now has 20 branches nationwide with more than 250 employees. ?This strategic alliance with Global Financial Services further expands First Houston?s national scope,? said David Zugheri, president of First Houston. ?It also provides our new division with all the products and services we have to offer, allowing them to simplify their lending process and grab market share in a down market.? About First Houston Mortgage, Ltd. Based in Houston, First Houston Mortgage offers a wide variety of lending products and expertise for all areas of the residential mortgage lending industry. Innovative technologies enable the company to maintain a completely in-house origination process, thus reducing costs and improving efficiencies. For more information, visit www.firsthouston.com.

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