Founded in 1925, Standard Mortgage Corporation has been a pillar of the New Orleans community, helping countless families achieve the dream of homeownership. Over the years, it has grown from a trusted local lender to a regional Independent Mortgage Bank (IMB), all while staying true to its roots of service and community commitment.
In 1964, the Bright family acquired Standard Mortgage, and under the leadership of Edgar “Pepper” Bright Jr., the Company and its affiliates (SMC Insurance Agency, SMC Commercial, and SMC Real Estate) flourished. Standard Mortgage financed the One Shell Square (now known as the Hancock Whitney building) in 1972, which remains the Company’s headquarters today. Additionally, Standard was one of the first Ginnie Mae issuers, which revolutionized mortgage-backed securities.
Throughout its history, Standard Mortgage has navigated some of the toughest challenges, including the devastation of Hurricane Katrina in 2005. Despite losing its headquarters, the Company immediately began helping families rebuild, showcasing its resilience and dedication to the community. Similarly, during the 2008 Great Recession, Standard Mortgage stayed true to its responsible lending practices, emerging stronger through tough economic times.
In the last two decades, the Company expanded its presence beyond Louisiana, opening offices in Texas and growing its loan servicing portfolio in 18 states. Despite this growth, Standard Mortgage has remained committed to the same personalized service that made it successful in its early days.
As Standard Mortgage celebrates its 100th anniversary in 2025, it looks back on a century of growth, resilience, and unwavering commitment to helping families build secure futures. Today, the Company continues to honor its legacy by fostering long-term relationships and adapting to the evolving mortgage landscape. While markets may change, Standard Mortgage’s dedication to building dreams and strengthening communities remains timeless.