Matthew Speakman on what’s driving homebuyer demand

Zillow Economist Speakman explains what Zillow’s recent report on homebuyer demand tell us about the current state of the housing market.

Record low mortgage rates hold steady at 2.72%

This is the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history.

What Yellen as Treasury Secretary would mean for housing

Experts weigh in on former Fed Chair’s possible impact on GSE reform and how she could jumpstart the economy.

Building the one-touch digital mortgage

As Katherine Campbell drives toward a one-touch mortgage, she’s taking time to share what she has learned along the way.


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.

Most Popular Articles

Fannie Mae, Freddie Mac conforming loan limits increase for 2021

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021. The increase is up 7.5% from 2020’s limit of $510,400 and marks the fifth consecutive year of increases.

Nov 24, 2020 By

Latest Articles

Compass eyes IPO in 2021: report

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report.

Nov 25, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please