Prosperity Home Mortgage, a full-service mortgage banker that is a wholly owned subsidiary of The Long & Foster Companies, announced on Jan. 2 that it has begun serving homebuyers and sellers across the East Coast.
Prosperity Home Mortgage developed from the Prosperity Mortgage Company — a joint venture between Long & Foster and Wells Fargo Ventures — and operates in eight states, including South Carolina, New Jersey and Washington, D.C.
“The team at Prosperity Home Mortgage is thrilled to join the Long & Foster family of companies, and we’re excited for the opportunities our new business structure presents to both our employees and our clients,” said Tim Wilson, chief executive officer of Prosperity Home Mortgage. “Not only are we more nimble and flexible in our decision making, but also we’re able to provide our homebuyers and sellers with even more exceptional customer service and competitive loan products.”
Prosperity Home Mortgage offers a wide range of mortgage products, including fixed and adjustable rate mortgages, jumbo loans, new construction loans, renovation financing and Federal Housing Administration (FHA) programs. It is represented by more than 140 mortgage consultants and operates its own in-house processing, underwriting and closing at its five operation centers across the East Coast. Prosperity Home Mortgage also coordinates its clients’ appraisals and mortgage fulfillment in-house.
“At Long & Foster, we’re committed to providing homebuyers and sellers with the total homeownership experience, and the opening of Prosperity Home Mortgage further ensures our success in that effort,” said Jeffrey Detwiler, president and chief operating officer at The Long & Foster Companies. “We’re thrilled to expand our business and the career opportunities we provide to employees at The Long & Foster Companies, and we’re ecstatic to better serve the real estate market from South Carolina to New Jersey and simplify the process of buying and selling a home.”