The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Exclusive: AmeriSave to acquire retail mortgage lending operations from TMS

Expected to reach $1.5 billion in originations this year

AmeriSave will take over the retail mortgage lending operations from TMS, sources close to the deal tell HousingWire.

The strategic decision revolves primarily around TMS publicly stating that mortgage servicing is in dire need of improved customer service. In other words, TMS wants to focus more of its efforts on providing a better mortgage servicing experience to borrowers.

Therefore, AmeriSave will transition the mortgage lending divisions of TMS, based in Plano, Texas, and Chandler, Arizona, over to its brand in the near future.

TMS said that it expected the mortgage originations business to reach $1.5 billion in 2019.

Last year, Amerisave Mortgage Corporation did almost $2.3 billion in mortgage lending volume, with $1.6 billion of that in refinancings, according to additional HMDA data provided by iEmergent.

TMS said beyond its core customer service program, SIME – Servicing Intelligence Made Easy, its focus will also include additional fintech offerings coming soon.

“TMS has patents pending for artificial intelligence, blockchain and has new versions of its one-of-a-kind servicing app scheduled for 2019,” the company said in a statement. “The company also plans to expand its client partner programs with custom apps, websites, as well as marketing and compliance consultative services.”

According to a statement provided to HousingWire, TMS CEO Darius Mirshahzadeh said the company is widely recognized as having the most advanced subservicing technology platform in the business.

“Transitioning originations to a pro like AmeriSave makes perfect business sense. Now, we can champion our clients’ success and deliver what the industry so desperately needs – a world-class customer servicing platform and stellar loan performance – that we at TMS are so uniquely positioned to deliver,” Mirshahzadeh said.

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