Hurst Lending & Insurance History
We are a conventional and portfolio lender that has been in business since 2006. Founded by Jay Hurst and Scott Bialek, Hurst Lending & Insurance is still managed Jay, Scott and their families. While the mortgage industry is known for high turnover rates, Hurst Lending is recognized for providing consistent, personal service to our customers. That’s why more than 70% of our mortgage and insurance business is from repeat or referred customers!
We started our business in Texas offering a full suite of conventional mortgage loans. In 2013, we began offering home, auto, and life insurance to our customers. In 2017, we expanded around the country and now have operations in 11 different states. Since our inception, we have originated over $700 million dollars’ worth of home loans. Later in 2017, we launched our portfolio loan business and set up a Private Mortgage Investment Fund for accredited investors. We use the money raised in our Mortgage Fund to fund short term bridge loans to high-quality borrowers who don’t quite fit conventional loan requirements. If you’re curious, you can learn more about our bridge loans by clicking here. We offer these loans directly to our customers but also have a wholesale division where we offer these loans thru a network of third party mortgage brokers.
How We Work – Virtual Model
We pride our self on having a unique virtual, work from home staffing model. Many of our team members are stay-at-home parents who want a professional role with flexible hours. Our team members tend to have college degrees and all of them have the ability to work from home with flexible hours. If you are interested in joining our team, please visit our careers page by clicking here.
Conventional and Portfolio Lender
We offer rates well below national averages in most cases, and while we offer great rates and personal service on conventional loans, our special expertise is in meeting unique lending needs. If there is a situation that is creating a barrier to getting a loan, such as details about the property, a pending divorce, expat status, or other logistical challenges, we can usually find a solution. We do this by developing relationships with investors who have specific interests, and in some cases by lending our own funds.
Mortgage Investment Fund
Jay Hurst and Scott Bialek have been lending their own money to high quality borrowers who don’t quite fit into the conventional loan box for many years. In early, 2017 we decided to formally create a portfolio and bridge lending business. We also set up a Private Mortgage Investment fund and raised capital from individual investors and traditional financial institutions.
Our fund offers income-generating opportunities with attractive yields and all investments are secured by residential real estate. All profits from our fund are distributed each quarter and investors have frequent windows to access their principal. We are able to do this because all loans in our portfolio have a short duration. This liquidity differentiates our fund from most other Private Placements which tie up an investor’s capital for long periods of time. Jay, Scott and their families continue to be some of the larger investors in our fund.