SAN DIEGO--(EON: Enhanced Online News)--Security One Lending has secured Tane Cabe, the former owner of Security Reverse, based in Gig Harbor, WA. The combination of the two organizations will bring together “best of breed” origination forces, mortgage banking expertise and marketing/fulfillment systems as they relate to the underserved Credit Union and Community Bank sector. The mortgage banking operation, which is based in San Diego, will continue to handle all underwriting, document, and funding/insuring responsibilities.
“We believe the combined entity will be well positioned to compete for market share as the industry, in my opinion, experiences consolidation during the next 18 months”
“We believe the combined entity will be well positioned to compete for market share as the industry, in my opinion, experiences consolidation during the next 18 months,” said Torrey Larsen, President of Security One Lending. “Tane has built a scalable business model that is very intriguing to us. We believe both credit unions and community banks have been an underserved market. Security One Lending has also acquired the systems and work flow architecture, including a dedicated CRM tool, designed to focus exclusively on this business segment. The leadership and proven track record of success that Tane brings to our organization are impressive and will enable Security One Lending to grow during a year of business consolidation,” said Larsen.
“Security One Lending has been a leader in this great industry for several years now, and provides the culture, corporate reputation and leadership team that made this decision simple. The objective is to provide expertise in this very defined marketplace, and leverage both the Retail and Wholesale Lending platforms to build valuable and loyal relationships with other credit unions and community banks throughout the nation,” said Cabe.
About Torrey Larsen
Torrey Larsen co-founded Security One Lending and is its Chief Executive Officer. Larsen is active in all aspects of the firm with his central focus on overall business growth and strategic direction. Torrey Larsen has a broad background in the areas of corporate finance, capital markets, and secondary marketing.
About Security One Lending
Based in San Diego, California, Security One Lending launched in November of 2006 as a California based retail mortgage lender.
In November of 2009, Security One Lending raised capital through JAM Equity Partners, a seasoned and well respected investor in the Reverse Mortgage Sector.
Today, Security One Lending is currently licensed in 21 states. It operates with Retail branches located in the California region, Georgia, Missouri, Texas and South Carolina with over 60 loan originators. It also operates its mortgage banking platform, supporting the reverse retail, reverse wholesale, and forward retail origination channels.
For more information on Security One Lending, call 866-480-4715 or visit http://www.s1l.com/