Newly formed company is the latest addition to the group's umbrella of brands
Nevada-based Panorama Mortgage Group (PMG) has announced launching a new brand, Prosperity Capital Mortgage, as part of its strategy to expand nationwide.
According to a release, Prosperity Capital is a full-service mortgage lender operating in Dallas, Houston, Austin, San Antonio, Las Vegas, Reno, and Sacramento, with plans to expand throughout the country. PMG will provide “key infrastructure and support” to the brand as an “entrepreneurial partner.” Specifically, the support includes human resources, finance, technology, legal and compliance services.
Industry veteran Ramaj Balley, former senior vice president at Hamilton Home Loans, will lead Prosperity Capital as president and CEO. He brings nearly 23 years of mortgage industry experience, including time spent at AmCap Mortgage, MiMutual Mortgage, American Financial Network, Fairway Wholesale Lending, Caliber Home Loans, and First Magnus Financial.
“Welcoming Prosperity Capital and Ramaj Balley to the PMG family of brands is a distinct honor and pleasure,” said Sarah Gonzalez, president and chief operations officer of PMG. “Without question, together they embody our mission to empower purpose-driven leaders and their teams to achieve their personal and professional goals.”
Read next: Panorama Mortgage Group introduces new chief financial officer
“We’re a company with a heart, soul and passion for helping the communities we serve,” Balley said. “Our vision and core philosophy are uniquely aligned with PMG’s. That’s why we know they are the right partner at the right time.”
Prosperity Capital is the newest mortgage company under the PMG umbrella of brands, which includes Alterra Home Loans, Inspiro Financial, Legacy Home Loans, New Vision Lending, and Americana Home Loans.