Alliance Mortgage Co. has opened an office in Montgomery, Ala., and named a vice president and retail manager to run it.
Alliance, based in Jacksonville, Fla., said the office would originate loans in Alabama, the Florida Panhandle, and other parts of the Southeast.
The manager is Rick Redmon, who had been a vice president at the Montgomery branch of Amsouth Mortgage. Earlier, he was a regional manager and vice president at SouthTrust Mortgage.
Mr. Redmon will supervise a staff of four loan officers and an underwriter. "All loan officers use laptops and origination software programs to prequalify a buyer and input application information," he said. "There is no need to duplicate efforts in processing or underwriting, which makes the approval process run smoother and faster."
Alliance services about $5 billion of residential loans.