Wingspan Portfolio Advisors, a diversified mortgage services company in Dallas, will receive a multimillion-dollar capital infusion from a stockholder investment group.
The amount of new capital raised has not been disclosed. Along with the cash infusion the company will divest itself of
Wingspan’s founder, president and chief executive officer, Steven Horne, will move into an advisory role. Executive vice president of national operations Jason Spooner will take over as president.
In a press release, Horne described the company as, "debt free," thanks to the infusion and divestment.
Earlier this month Wingspan announced layoffs
