Type Private Founders Garrett Clayton | Industry Mortgage Headquarters Houston, Texas, U.S. | |
Founded May 31, 2002; 14 years ago (2002-05-31) Services Residential Mortgages, Purchase Loans, Refinances, Equity Loans, and Reverse Mortgages, Non-conforming Jumbo Loans | ||
AmCap Mortgage, Ltd. was formed in May 2002 with the submission of Limited Partnership documentation to the Texas Secretary of State. The company began operations as a fully delegated mortgage company, with Freddie Mac approval. The company received its Federal Housing Administration (FHA) approval in late 2004, and Veterans Administration approval was granted in February 2007. In July 2007, AmCap was purchased by its present owners and grew to over $20 million per month in residential mortgages. In 2009, AmCap relocated its corporate headquarters to its current location on Bellaire Boulevard in the rapidly developing area of southwest Houston.
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Texas VA home loan center
In 1944 Congress created the VA Loan Guaranty Program to assist returning service members in purchasing a home. Since that time the Department of Veterans Affairs has helped more than 18 million military members buy homes. The VA does not actually lend money but instead guarantee the loans for approved VA Lenders. This allows lenders added protection against default which results in several distinct advantages with VA. Texas VA Home loan center is one of the programs of Amcap Mortgage approved by Department of Veterans Affairs for the VA Loan Guaranty Program.
Recognition
History
2002: AmCap Mortgage, Ltd. Is formed with the submission of Limited Partnership documentation to the Texas Secretary of State, and begins operations as a fully delegated mortgage company, with Freddie Mac approval.
2007: In July 2007, AmCap was purchased by its present owner, Garrett Clayton, and grew to over $20 million per month in residential mortgages. AmCap is purchased by its present owners, increasing its residential mortgage closings by 50%, from between $5 million and $10 million per month to $20 million per month, in the first year under new leadership. It also expands outside Houston by opening several branches in Austin and San Antonio.
2008: AmCap receives USDA approval and grows amidst the recession, a particularly challenging time in the mortgage industry and the financial services environment. In addition despite the economic downturn, it continues its expansion into new markets, adding several additional state licenses and bringing on branch offices in Dallas and Spring, Texas.
2012: AmCap adds its Major Mortgage Division, centered in Grand Junction, Colorado, with six offices in four states in the Rocky Mountain region. Gold Financial Services Division also joins AmCap with 16 Texas offices. Additionally, Ellie Mae’s Encompass 360 Loan Operating System is implemented.
2013: AmCap brings on experienced personnel in the areas of Capital Markets, Information Technology and Compliance, and produce over $1 billion in closed loans during the calendar year. It also receives Fannie Mae approval.
2014: AmCap is granted Ginnie Mae approval.
2016: Currently a business with more than 675 employees operating from 78 branch locations across 24 states and Washington, D.C.
Partnerships
AmCap & Iscential. Founded in 1993, Iscential is an insurance brokerage company that advises AmCap clients of their coverage needs, options, and supplies portfolio risk management counsel. AmCap and Clayton Ramirez PLLC. Clayton Ramirez PLLC is a legal team that helps AmCap clients navigate probate law and addresses other regulation related questions they may have. AmCap and IMG Financial Group. Both companies host the Annual Charity Golf Classic that donates all the proceeds to the Folds of Honor Foundation, an organization that provides scholarships and financial assistance to the children and families of those killed or disabled while serving our country. In 2015, the tournament raised $26,200.