|
|
About Us
James S. DuBose founded Fort Worth Mortgage in 1952 to provide residential home loans to the growing post-war
communities of North Central Texas. His enthusiasm fueled the company for the next 20 years in the relentless
pursuit of one goal: delivering the most competitive loan products with the most personal service.
In 1972, DuBose purchased Colonial Savings. He now had an expanded financial portfolio with which to operate
and immediately took action. He expanded the mortgage operation, originating loans in other areas of the
Southwest and beyond. At the same time, DuBose recognized the value of integrating the services he offered
his customers. By offering banking, mortgage lending and insurance under one corporate roof, he gave his
customers a "department store" atmosphere for handling their personal finances. The concept flourished.
Today, the Colonial Family of Companies is a comprehensive, national financial services corporation with more
than 600 employees. We are particularly proud of the long tenure of many of our employees, indicating Colonial
is not just a great place to do business, but a great place to work as well.
With a servicing portfolio of more than $13 billion and total assets of approximately $1 billion, Colonial
National Mortgage is now among the largest mortgage servicing operations in the country, originating loans in
all 50 states. A full array of banking and insurance services complement dozens of home mortgage programs,
making Colonial a single source for personal financial services. The company is privately held "by choice"
ensuring our focus remains on our customers, not on the expectations of Wall Street.
Key points of interest:
- We’re a division of Colonial Savings, a federally chartered savings bank with more than 2
times the required capital. We fund our own loans. We are not reliant on other sources of money to close your
loan.
- We retain servicing on 98% of loans we make. We don’t sell our loans to other companies after
closing. We collect your payments, manage your escrow accounts for taxes and insurance and maintain the
relationship for the long term.
- Our performance is nationally recognized. We’re highly rated by mortgage industry groups:
- Best Practice Award - U.S. Department of Housing and Urban Development
- Excellence in Servicing Award / Hall of Fame (Freddie Mac) - We’re one of only 15
mortgage companies in the entire nation to receive this award - four year in a row.
- Tier one rating for excellence in servicing (Fannie Mae) - We have also been honored
with the Fannie Mae Circle of Excellence Award.
- Tier one rating for excellence in Servicing (FHA)
|
|
|