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Branch Development

First Houston Opens Southern India Office

First Houston Mortgage Ltd. here has established a new office in southern India, in order to expand the company's services and improve efficiencies and costs.

The workers in India perform back-office tasks for the company including creating and maintaining e-documents, MERS transfer, underwriting and performing pre-funding verifications on loans and post-closing conditions.

The company has recently acquired complete ownership of the Indian office after initiating the offshore operation in 2004 through a small partnership. The staff members who work abroad are employed directly by First Houston Mortgage, India and receive the same benefits as those in the United States. "Our offshore operation is truly an extension of our company. We train the employees and manage them directly with no third party involved," said David Zugheri, president of First Houston. "Our overseas operation helps us with quality control necessities that we could not otherwise afford with an onshore labor force."

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