KB Home, a Los Angeles-based home builder, has entered into an agreement with Lewisville, Texas-based Nationstar Mortgage LLC to form Home Community Mortgage LLC, which will offer an array of mortgage banking services to KB Home customers.
Since entering into a marketing services agreement with KB Home last year, Nationstar loan officers have served KB Home home buyers on-site in the builder's communities coast-to-coast. Nationstar will continue to operate as KB Home's preferred mortgage lender until Home Community Mortgage is deployed, which is expected in the latter part of this year.
‘Creating Home Community Mortgage with Nationstar is the natural progression of our successful alliance,’ says Jeffrey Mezger, president and CEO of KB Home. ‘A quality, predictable mortgage process is an essential element of our built-to-order business model, and Nationstar's performance as KB Home's preferred mortgage lender has already resulted in more consistent execution.’