June 4, 2018
For Immediate Release
Raleigh, NC- North Carolina-based Towne Mortgage of the Carolinas and Coldwell Banker HPW are pleased to announce their joint venture as HPW Towne Mortgage, effective immediately.
HPW Towne Mortgage, a subsidiary of TowneBank Mortgage, provides a variety of conventional, government-insured and niche mortgage products and programs to clients throughout the Triangle-area of North Carolina and beyond. The mortgage company produced over $157 million in residential loan volume in 2017.
Under its new name, HPW Towne Mortgage will continue to focus on delivering excellent customer service while providing a hands-on approach to the home buying process. The joint venture’s collaborative business model will allow loan officers and real estate agents to serve the needs of their clients under one roof, giving them a seamless real estate experience.
“It is a tremendous privilege to represent the HPW brand, which is known as a top real estate company in the Triangle-area,” said John Day, Venture President of HPW Towne Mortgage. “Our company was established on hometown traditions, and we’re always striving to provide a personal home financing experience. It’s really exciting to be able to partner with a company that holds those same beliefs and holds their employees to the same high standards.”
Founded in 1972, Coldwell Banker Howard Perry Walston is based in Raleigh, North Carolina with additional offices in Durham, Chapel Hill, Cary, Knightdale, Garner, Mebane, and Hillsborough, North Carolina. Today, with more than 950 associates and employees, Coldwell Banker Howard Perry and Walston is the largest full-service residential real estate company in the Triangle-area.
“Having been partners with Towne Mortgage since 2009 we realize the value they bring to both HPW’s clients as well as Central North Carolina Homeowners,” said Kent Hanley, CEO of Coldwell Banker Howard Perry and Walston. “This name change only solidifies HPW and Towne’s relationship as we move forward, and we look forward to more years of a great partnership.”
About Coldwell Banker Howard Perry and Walston
Howard Perry, an established builder, and Don Walston, a real estate entrepreneur, formed Coldwell Banker Howard Perry and Walston in 1973. Today, with more than 950 associates and employees and award-winning new homes, mortgage and insurance services, Coldwell Banker Howard Perry and Walston is the largest full-service residential real estate company in the Triangle, the top Coldwell Banker company in the Triangle area and has earned recognition as one of the leading realty firms in the nation. Coldwell Banker Howard Perry and Walston exceeded 8,280 real estate transactions with over $2.261 billion in sales in 2017. The Triangle Business Journal consistently ranks Coldwell Banker Howard Perry and Walston as one of the “Best Places to Work in the Triangle.” For more information about Coldwell Banker Howard Perry and Walston, visit www.hpw.com. Follow the company on Facebook at www.facebook.com/HowardPerryandWalston.
About TowneBank Mortgage
Since its founding in 2001, TowneBank Mortgage has grown to 800 employees, with operations across Hampton Roads, Richmond, Northern Virginia, D.C., Maryland, Pennsylvania, North Carolina and South Carolina. TowneBank Mortgage offers a variety of loan products and services such as Conventional, FHA, VA, Renovation, Construction, Reverse Mortgage and Credit Enhancement. Local-decision making is a hallmark of the TowneBank Mortgage philosophy, allowing for affordable loans, quick processing and exceptional service. As a top residential mortgage lender, TowneBank Mortgage produced over $3.5 billion in loan volume in 2017.
As one of the top community banks in Virginia and North Carolina, TowneBank operates 40 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Raleigh, Cary, Charlotte, Moyock, Grandy, Camden County, Southern Shores, Corolla and Nags Head in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.
With total assets of $10.62 billion as of March 31, 2018, TowneBank is one of the largest banks headquartered in Virginia.