First Team Real Estate, an independent real estate company in Southern California, has launched of a joint venture between Wells Fargo Home Mortgage, a division of Wells Fargo Bank N.A., and Blue Diamond Enterprises LLC. The joint venture, Bankers Funding Co. LLC, is co-owned by Wells Fargo Home Mortgage and Blue Diamond Enterprises, a firm that is owned by Cameron Merage, CEO and founder of First Team Real Estate.
Wells Fargo Home Mortgage and Bankers Funding have agreed to originate, process and fund mortgage loans collaboratively, the companies explain. The joint venture is designed to offer customers of Bankers Funding and First Team, as well as other home buyers, a wide range of home financing products and services through Wells Fargo Home Mortgage, expanding the options of financial services available to home buyers.