Newrez, Xactus, CoreVest make management strikes

Las Vegas-based Panorama Mortgage Group, parent company of Alterra Home Loans, Legacy Home Loans and other mortgage businesses, announced the establishment of its new brand, Prosperity Capital Mortgage, to be led by Ramaj Balley as president. A full-service lender, Prosperity Capital serves some of the largest markets in Texas and Nevada, as well as Sacramento, California. Prosperity Capital will leverage PMG’s platforms, including human resources, compliance and technology, as it embarks on further growth. 

Before joining Prosperity Capital, Balley served as senior vice president at Hamilton Home Loans, and also held leadership roles at other emerging companies, helping them scale into large independent mortgage firms. Balley will be in charge of Prosperity Capital’s engagement efforts with local communities and its branches, as they open up homeownership opportunities around the country.

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