Fortes Financial, Inc. announced Tuesday that the company has officially integrated five regional wholesale offices belonging to National City Mortgage Corp. under its umbrella.

The offices impacted are located in San Diego, Dallas, Chicago, Fredrick, Maryland, and Atlanta.
Fortes jumped in to seize the opportunity after National City’s wholesale sector announced plans to stop wholesale lending activity in late 2007.
“Fortes engaged us to identify potential retail or wholesale groups that fit within their corporate profile; we felt that the National City team was a quality, productive entity that would work well under the Fortes umbrella,” said Tami Coffey, president of Dallas-based Mortgage Search & Acquisition (MSA), a company that helped turn the transaction.
Peter Levasseur, president and chief executive officer of Fortes Financial, said, “This is a significant milestone for Fortes. We have grown the company through recent investments into the retail and reverse mortgage sectors and feel that the addition of a high quality wholesale division such as the National City team represents, will help us ascertain not only diversification but also the ability to acquire a substantial market share offering endless upward opportunity going forward.”