Block Combines Real Estate Companies

Posted by accountingweb on Feb 15 2000 142 printer friendly

H&R Block has taken the retail operations of the two real estate companies it owns and given them a new name, H&R Block Mortgage Corporation. The two companies were Option One Mortgage Corporation and Assurance Mortgage Corporation.

The new company, based in Burlington, MA, marks another move by the tax preparing giant to capture more of the financial services marketplace. Recently, Block opened its newest venture, a complete financial services center, in major cities.

H&R Block Mortgage is licensed to operated in 48 states. Processing centers are in Florida and California, and most branch offices are in the eastern United States.

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