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About: First Colony Mortgage Corporation is a full service mortgage banking company serving Utah, Colorado, Idaho, Arizona, Oregon, and Wyoming. First Colony was founded in 1984 by John M. Aldrich and Scott Shelley. Most mortgages are processed, underwritten and closed in house. Since inception First Colony has funded over 50,000 mortgages. First Colony is here to serve you. We provide you with fast, efficient service. We’re ready to answer any questions you might have about the mortgage and home buying processes.