Benchmark Bank Forms Affiliated Mortgage Co.

Dallas-headquartered Benchmark Bank has created a new wholly owned mortgage subsidiary called Affiliated Mortgage Co. (AMC). Based out of West Monroe, La., AMC is a correspondent lending platform focusing on the purchase of residential conforming agency production from a nationwide network of banks, bank-owned mortgage companies and independent mortgage companies.

AMC adds that it recently acquired the assets and retained all of the previous staff of the Freedom Mortgage Correspondent Division. In 2008, AMC expects to purchase $3.8 billion in loans.

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