Origination/Lending

Reverse Mortgage Specialist Vertical Lend Changes Name

By: PAUL JACKSON
January 2, 2008

Vertical Lend, Inc., a reverse mortgage specialist, said Wednesday that it has changed its company name to World Alliance Financial Corp., reflecting its recent acquisition by a subsidiary of Belgian-based KBC Bank NV.

The retail division of World Alliance Financial, formerly Mortgage Warehouse, continues to focus on the reverse mortgage business. Lender Lead Solutions, the market’s foremost source for reverse mortgage leads and the fastest growing wholesale reverse mortgage loan provider in the U.S., is maintaining its current branding and will operate as a separate organization within World Alliance Financial, as will The Senior Lending Network, the company’s consumer education program.

Along with the name change, the company has re-branded its corporate identity and adopted a new corporate logo. The changes are effective immediately, and all future business activity will be conducted under the new name, the company said.


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Events

2008 Aug 12

Western States Loan Servicing Conference

Annual servicing industry conference hosted by the CMBA; usually well attended on a national level.

2008 Aug 23

Executive Summit on Mortgage Fraud

High-level conference focused on quantifying and managing mortgage fraud. Speakers to include execs from OFHEO, FBI, Fannie, Freddie.

2008 Sep 10 -- 2008 Sep 12

USFN Fall Default Servicing Seminar

Well-attended twice-yearly event series for servicers; closed event for USFN members and invited servicers only.

2008 Sep 17

Five Star Conference

Default and REO industry conference, hosted by trade publication DS News. Heavily attended by REO agents.

2008 Oct 19

MBA Annual Convention & Expo

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