Aramco Mortgage Forms The Aramco Group

Carlsbad, Calif.-based Aramco Mortgage has formed a collection of consumer real estate financing companies called The Aramco Group. The group currently includes Aramco Mortgage and Aramco Financial.

Founded in 1998, Aramco Mortgage is a full-service retail mortgage brokerage. Aramco Financial specializes in government-insured reverse mortgages designed to help senior citizens utilize the equity they have built up in their homes.

‘Placing Aramco Mortgage and Aramco Financial under the umbrella of The Aramco Group allows us to better coordinate our various enterprises and initiatives, leverage our resources, and, in the end, to better serve our customers," says Mehran Aram, president of The Aramco Group and its subsidiaries.

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