Angel Oak Mortgage Solutions will open a new operations center in the Dallas-Fort Worth metro area as part of its expansion throughout Texas and the West Coast.
The new facility in Las Colinas, Texas, will replicate the functions of Angel Oak’s Atlanta headquarters.
“The Dallas area has long been a hub of the mortgage industry and home to top-tier professional talent, making it the perfect place for Angel Oak to continue its growth as the national leader in the non-agency marketplace,” said Mike Fierman, Angel Oak Companies managing partner.
Angel Oak will hire up to 30 professionals to launch its new operations center in the next 90 days, with plans to increase those numbers over time. The 9,000-square foot facility is located in the “Mustangs of Las Colinas” development.
Travis LaLonde, an industry veteran with 15 years of experience, will head the operations center.
“Angel Oak’s reputation throughout the industry is well-known and extremely well-regarded, and it has a very strong track record of success,” LaLonde said. “We look forward to matching the success in Atlanta and becoming one of the top companies to work for in the Dallas area.”
Earlier this month, Angel Oak Companies announced that it had surpassed $1.1 billion in non-qualified mortgage originations during 2017 – the highest volume in the companies’ history.
From 2016 to 2017, Angel Oak’s total originations across the lending platform rose by 40%. Its three affiliated lending companies – Angel Oak Mortgage Solutions, Angel Oak Home Loans and Angel Oak Prime Bridge – added staff and locations across the country.