Blogatative Easing: Ben Bernanke, Brookings blogger

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution
W S
Servicing

Wilbur Ross' AHMSI changes name, adds correspondent lending

WL Ross & Co.-owned mortgage servicer American Home Mortgage Servicing Inc. is changing its name to Homeward Residential to reflect the company's entrance into the correspondent and warehouse lending market.

The servicing shop opened its correspondent and warehouse lending operations in October of 2011 and has expanded its business to assist clients with loan closing services, REO management, home valuation, special servicing, sub-servicing and asset management consulting.

The Coppell-based servicer said the new name better reflects the company's jump into residential lending and real estate finance.

The firm's branding transition to Homeward Residential will be complete by the second quarter.

The name change is the result of employee and customer input.

American Home Mortgage Servicing manages $71 billion in serviced loans.  WL Ross & Co., a private equity firm run by billionaire Wilbur Ross, is a majority owner of the AHMSI. Last summer, the firm expressed an interest in diversifying its product line and moving deeper into loan production.

Prior to stepping into the correspondent space, the firm functioned primarily as a subprime servicing shop.

kpanchuk@housingwire.com

Recent Articles by Kerri Panchuk

Comments powered by Disqus