Home / Daily Dose / Wingspan Portfolio Advisors Open to Additional Acquisitions
Print This Post Print This Post

Wingspan Portfolio Advisors Open to Additional Acquisitions

Wingspan Portfolio Advisors, a diversified mortgage services company, increased the company's size and capabilities substantially in 2013. The company expanded its footprint to include Florida, California, Louisiana, and Colorado.

Steven Horne, CEO and president of Wingspan Portfolio Advisors, said that the company will be receptive to additional acquisitions if the right opportunities present themselves.

"The role of the component services provider has changed dramatically over the last year or two," Horne said. "There are fewer companies in number but they are much larger and offer many more services. Companies in our business must be equipped to perform a broad array of functions on a very large scale, and this means extensive investment in technology, deep legal expertise, bulletproof compliance and vast financial resources."

Horne continued, "Sometimes that involves acquiring companies rather than building from scratch."

In addition to other assets, Wingspan acquired two facilities from JP Morgan Chase: a 400-person servicing facility in Melbourne, Florida, and a customer service operation in Monroe, Louisiana.

In 2013, the company expanded to more than 2,000 employees in 7 locations around the country.

"We are definitely open to additional expansion if the right opportunity becomes available," Horne said. "But we are more focused on helping new and existing clients be profitable and meet their challenges in the new regulatory environment."

About Author: Colin Robins

Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.
x

Check Also

Federal Reserve Holds Rates Steady Moving Into the New Year

The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.