Prosperity to name mortgage veteran Mark Metaxas as new regional manager

Prosperity Home Mortgage, LLC, a full service mortgage banker and a wholly owned subsidiary of The Long & Foster Companies, is expanding its operations in Philadelphia, Pa. Effective Jan. 1, 2015, a team of over 20 knowledgeable and experienced mortgage professionals from First American Mortgage will join Prosperity. Prosperity will also bring on Mark Metaxas, who previously served as president at First American, as its new regional manager in Philadelphia in the coming year.

“First American built a reputation for providing the highest quality of service and support to clients in the Philadelphia area. By bringing their team to Prosperity, our company will deliver even more exceptional service and competitive rates to buyers and sellers in the Delaware Valley,” said Tim Wilson, CEO of Prosperity. “At Prosperity, we lead the way with cutting-edge tools and technology, as well as competitive loan products, and we look forward to the energetic partnership created by teaming with First American.”

Metaxas also shared his enthusiasm for the change, noting that he looks forward to even better serving the financing needs of homeowners and homebuyers as part of the Prosperity team and to supporting the company’s dedicated mortgage consultants.

“Joining the Prosperity family presents a tremendous opportunity for our team, as well as all of the real estate agents, home buyers and sellers with whom we work,” said Metaxas. “As part of Prosperity, we gain the advantages of a much larger company with more resources and better technology, while also maintaining the family approach to business that ensures our clients’ continued real estate success.”

Prosperity offers a wide range of mortgage products, including fixed and adjustable rate mortgages. It is represented by more than 150 mortgage consultants and operates its own in-house processing, underwriting and closing at its five operation centers across the East Coast, from South Carolina to New Jersey. Prosperity also coordinates its clients’ appraisals and mortgage fulfillment in-house.

Prosperity is focused on growing its business throughout the Mid-Atlantic, Northeast and the Carolinas, and the addition of the First American Mortgage aligns with the company’s long-term growth strategy, according to Wilson. For more information, visit www.phmloans.com.