Alterra Home Loans, one of the largest minority-owned mortgage companies in the U.S., is rebranding its Legacy Division to Legacy Home Loans.
The division will remain under the direction of President Ben Slayton.
The new name is designed to focus more on the company’s mission of serving the underserved, Slayton says in a release.
“Alterra has done a fantastic job of establishing itself in its marketplace; now it’s time for Legacy to do the same thing,” Slayton says. “Our mission is to increase African American homeownership so that members of our community can start building sustainable wealth through homeownership. Our company is providing the means for African Americans to leave a legacy for their families. Legacy Home Loans is a name that speaks directly to that mission.”
In August the company announced that it had opened new branches in Dallas, Atlanta and Baton Rouge.
The company says it plans to continue its expansion next year with the opening of additional offices in cities that have 25% or more African American population.