Business notes: Overland Park mortgage lender acquired

Mortgage lender acquired

Guaranteed Rate, a Chicago-based mortgage lender, has acquired the assets of FirsTrust Mortgage of Overland Park. Terms were not disclosed.

FirsTrust, at 6710 W. 121st St., was founded more than 20 years ago, and does business in seven states, according to a release announcing the sale. Mark McDougald is FirsTrust’s chief executive.

Guaranteed Rate is one of the ten largest mortgage lenders in the United States, with about 170 offices and 2,700 employees nationwide. It funded about $16 billion in loans in 2013.

New executive director

Martha Hagedorn-Krass has been named executive director of the Friends of Johnson County Developmental Supports. She was formerly the chief executive and executive director of the Ronald McDonald House Charities of Northeast Kansas.

The organization provides community-based programs for people with developmental disabilities in Johnson County. It also owns 11 properties that provide affordable living to residents with physical and intellectual disabilities.

Career switch

Sandra Olivas, a long-time Kansas City area newscaster, has joined the staff of Brotherhood Bank & Trust. Brotherhood has six offices in Wyandotte and Johnson counties. Olivas, a former co-host of the “Que Pasa KC” television program, will focus on helping families and small businesses take advantage of banking and financial service products.

The Star

This story was originally published July 15, 2014 at 1:00 AM with the headline "Business notes: Overland Park mortgage lender acquired."