IRVING, Tex. - First Horizon Home Loan Corp., a subsidiary of First Tennessee National Corp., continued its expansion Tuesday by taking over the operations and personnel of Mortgage Solutions, a Saline, Mich., mortgage brokerage.
Mortgage Solutions, which has six employees, is now a branch of First Horizon.
Doug Sebold, First Horizon's executive vice president of production in Michigan, said the move was aimed at "continuing to expand our dominance in the Michigan market."
Mortgage Solutions was founded in 1991 by Denise McPherson-Pratt and has made 2,200 mortgage loans worth over $200 million. Ms. Pratt, who previously owned the company and ran its day-to-day operations, now reports to Mr. Sebold as a loan officer and manager of the branch.
First Horizon has five other Michigan offices, in Sterling Heights, Grand Rapids, Plymouth, and Livonia, which is the regional headquarters.