First Option Mortgage Adds Four New Locations


National lender First Option Mortgage reports that it has opened four additional offices in Kentucky, Texas and Florida.

The new location in Corbin, Ken., will be led by Ben Minton.

The new location in Ashland, Ken., will be led by Tom Hobbs. 

The new location in San Antonio, Texas, will be led by Shane Kelley.

The new location in Ft. Myers, Fla., will be led by Whitney Hall.

“We are expanding into markets nationwide where we can add instant value with our rapid turn times,” says Fobby Naghmi, executive vice president, national sales manager for First Option Mortgage in a release. “The market leaders that are joining us are veterans of those markets, so the partnership is beneficial to all.”

First Option has 24 branches nationwide and plans to continue the retail branch network expansion in 2021.

The company says its model allows it to maintain quick turn times on each loan, which is currently 24 days.

“We have built a retail branch model that decentralizes the operating system, and it actually works,” managing partner Alvin Shah explains. “This means that each branch is responsible for putting together loans that work, which makes resources available in other areas to help with the flow of the file.”

First Option also does not limit the number of times an underwriter “touches” a file, which allows the process to stay on track. This is because any additional conditions can be addressed while the loan requirements are assembled.

Founded in 2004, First Option Mortgage is based in Atlanta.

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