Based in San Antonio, Texas, Fred Hobbs has served as president of Texas Mortgage Capital Corp. for nearly three decades. He directs the underwriting and management of mortgage note investments held by private lenders. His firm has originated and closed diverse residential and commercial private money lending transactions. In tandem with asset managers and legal support, Fred Hobbs coordinates the resolution of distressed loans through pathways such as payoff negotiations and loan modifications. As necessary, his San Antonio team initiates foreclosure proceedings.
As an investor, Mr. Hobbs has also taken ownership of various rental properties and small office building holdings. His firm’s private holdings include residential mortgage notes. He excels at identifying opportunities in discounted notes with substantial, risk-averse growth potential.
Mr. Hobbs’s entrepreneurial activities include serving as president of Securenet Loan Services, LLC, and overseeing a mix of small and large mortgage loan servicing portfolios. His office oversees 14 employees and handles activities such as collecting mortgage payments and routing principal and interest payments to lenders and holding reserves for payment of taxes and insurance on the secured collateral.