The Prestwick Mortgage Group

About Our Company

Larry G. Alberson

Larry G. Alberson - President and Chief Executive Officer

Mr. Larry G. Alberson graduated from the University of Georgia and started working in the mortgage banking industry in 1972.

From 1976 to 1985, he served as senior vice president of a nationally recognized mortgage insurance company. He managed their sales, operations, and claim administration for the U.S.’s eastern region.

From 1985 to 1989, Mr. Alberson was a principal shareholder and founder of a de novo mortgage banking company. After a savings bank acquired the business in 1988, he took on a new role of senior vice president for all residential lending for the mortgage subsidiary of a large regional commercial bank.

In 1989, Mr. Alberson started a mortgage insurance agency covering Maryland and Virginia for a newly formed private mortgage insurance company. Two years later, he became the managing director and executive vice president of one of the U.S.’s largest specialty service providers to the mortgage banking industry. His responsibilities included:

  • Managing All Sales Personnel
  • Managing the Sale of Over $600 Billion Mortgage Loan Servicing Rights
  • Participating in the Acquisition or Sale of Approximately 65 Mortgage Banking Companies
  • Managing Corporate and Portfolio Valuation Work for the Company
  • Managing the Sale of Consulting Services for the Company

In June of 1995, Mr. Alberson founded PMG, an investment banking firm specializing in the advisory and trading of mortgage banking assets. He acts as our CEO, managing our firm’s mortgage loan servicing brokerage, acquisition, merger, and mortgage loan trading activities. Since its inception, PMG has accomplished hundreds of mortgage banking asset transactions. Our firm has continued to grow over the years and is now considered one of the leaders in our field.

As PMG’s CEO and President, Mr. Alberson possesses excellent sales and management skills related to mortgage banking advisory. He has obtained national recognition in this area of expertise and periodically lectures on mortgage industry-related subjects.

Additionally, Mr. Alberson has been court-certified as an expert witness in mortgage company valuation in the following cases:

  • Federal Deposit Insurance Corporation and H. C. Bailey, Jr. et al. versus The U.S., U.S. Court of Federal Claims
  • First Guaranty Mortgage Corporation versus Greater Atlantic Federal Savings Bank, et al., Circuit Court for Arlington County, VA
  • Bernard J. Cason versus Tracey Cason, State of Michigan 7th Judicial Circuit County Probate
George Christo

George Christo - Executive Vice President

In 1992, Mr. George Christo began his mortgage career at one of the U.S.’s largest specialty investment banking providers in the mortgage banking industry. During his tenure at this firm, he directly managed over 100 servicing sales transactions, ranging in size from $10 million to $1.5 billion. Mr. Christo has also actively provided consulting and evaluation services to numerous clients.

In 1995, he joined PMG and has since played an active role in positioning our company as a nationally respected provider of mortgage loan asset evaluation, brokerage, and consulting services. At PMG, he has successfully marketed over 350 servicing portfolios, ranging in size from $3 million to $4 billion, and 12 mortgage companies. Mr. Christo has also managed over 800 consulting and evaluation assignments.

Our Executive Vice President was a faculty member at the Accounting Issues for the Mortgage Industry Conference, co-sponsored by the AICPA and Executive Enterprise Institute in June 2006. As an instructor at this conference in 2003 and 2004, Mr. Christo taught Valuation of Mortgage Servicing Rights: Complexities and Considerations for Accountants. He also discussed servicing market pricing trends, assumptions, and history in his presentations during this period.

Mr. Christo is a 1993 graduate of the MBA School of Mortgage Banking. He finished all three required courses and earned the MBA’s AMP designation.