Alterra Home Loans, one of the largest minority-owned mortgage companies in the U.S. and a national mortgage lender focused on serving underserved markets, announced that its Legacy Division will be renamed Legacy Home Loans, and it will remain under the direction of President Ben Slayton, the company announced in a release.
“The new name is designed to focus more on the company’s mission,” Slayton said in the release. “Alterra has done a fantastic job of establishing itself in its marketplace; now it’s time for Legacy to do the same thing. Our mission is to increase African-American homeownership so that members of our community can start building sustainable wealth through homeownership.
“Our company is providing the means for African-Americans to leave a legacy for their families. Legacy Home Loans is a name that speaks directly to that mission,” Slayton added.
The company president pointed out that the word “legacy” speaks to African-Americans’ ardent desire to provide and to leave sustainable wealth for their families.
Legacy, according to the release, is making good on its commitment thanks to the firm’s recent expansion into Los Angeles; Dallas; Atlanta; and Baton Rouge and Shreveport, La., and will be opening additional offices over the next year in cities throughout the country that have 25 percent or more African-American population.