GSA Daily Staff Report
Published July 2, 2009

Greenville-based Professional Mortgage Company Inc. has been selected to join Q10 Capital LLC, a national organization of independent commercial mortgage banking companies.

“Q10 Capital seeks member companies who are leaders in their markets with established businesses built on integrity and trust. Professional Mortgage certainly meets all of those qualifications,” said Bob Stout, president and CEO of Q10 Capital. “We are extremely pleased to add their capabilities in the Carolinas and look forward to supporting them in their continued success.”

Professional Mortgage also has an office in Raleigh, N.C.

The association with Q10 will provide Professional Mortgage with broader access to mortgage capital, use of the Q10 technology platform and the ability to share in the collaborative efforts of the group to better serve its clients.

“The decision to become a shareholder in Q10 Capital puts us on equal competitive footing with large national firms while preserving the autonomy of our local organization,” said Bryson Thomason, president of Professional Mortgage in South Carolina.

Loan administration for mortgages originated by Professional Mortgage will remain in Greenville under the continued supervision of its servicing staff. Thomason has joined Q10 Capital’s board of directors.

Q10 Capital members service $20 billion of mortgage loans for institutional investors and have originated more than $14 billion in new loans in the past three years.