Business, Free News Articles

Mid America Mortgage Adds Pete Jackson as Divisional Director for Wholesale/Non-Delegated Correspondent Channel, Tim Frohock as Regional Director

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that Pete Jackson has joined the company as a divisional director and Tim Frohock as a regional director. With more than 30 years of wholesale and correspondent lending experience, Jackson and Frohock will play a critical role in the continued growth and success of Mid America's wholesale/non-delegated correspondent lending channel.

"Pete and Tim's unique backgrounds and expertise in agency and government lending have been an ideal cultural fit for Mid America, as we continue to cater uniquely to the home financing needs of everyday Americans including veterans, FHA borrowers and those in rural America," said Mid America's Executive Director of TPO Lending Adam Rieke. "By combining these specialized government lending products with our One Time Close product, MAM is ideally positioned to attack the national housing shortage and continue to provide affordable financing options even in the new construction space."

Rieke, Jackson and Frohock have a long history of working together. All three started their mortgage banking careers together at Carl I. Brown and Company/First Tennessee Bank and remained there for 10 years, becoming regional vice presidents managing Operations and Sales. Later, when Jackson was managing a divisional office for Bank of America, Frohock recruited him to join SunTrust Bank as a regional wholesale vice president and help build a fulfillment center in Overland Park, Kansas. After successfully managing Production and Operations centers for SunTrust Bank for many years, Jackson and Frohock continued to work in the Wholesale/Non-Delegated space, as did Rieke, but all three worked for competing organizations. Most recently, Jackson recruited Frohock to join him and Rieke at Mid America Mortgage and build a Western Regional office in Phoenix.

"As a pioneer and innovator in the digital mortgage space, Mid America continues to provide secure and convenient remote digital closing options, which have become critical over the past year for closing continuity amid the COVID lockdown," said Mid America Owner and CEO Jeff Bode. "Our continued commitment to technology coupled with our industry-leading turn times make Mid America an ideal landing spot for tech-savvy, growth-minded account executives, a fact bolstered by the top workplace honors we've received from numerous industry trade magazines."

Mid America is actively seeking account executives in every market across the United States. To learn more about opportunities in Mid America's wholesale division, contact Pete Jackson at: pete.jackson@midamericamortgage.com

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Mid America Mortgage Securitizes Its First Ginnie Mae eNote with eCustodian Wilmington Trust

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that the company has completed its first Ginnie Mae eNote transaction with Wilmington Trust, an approved and active eCustodian under Ginnie Mae's Digital Collateral Initiative. Having announced its first eNote transaction in August 2016, this represents the next step in Mid America's ongoing digital mortgage adoption efforts across its retail, wholesale and correspondent lending channels.

"As long-time Ginnie Mae-approved issuer, Mid America Mortgage was eager to achieve eIssuer status with Ginnie Mae so that we could begin securitizing our considerable government-backed digital mortgage volume as well," said Mid America Owner and Chief Executive Officer Jeff Bode. "However, we knew we needed a document custodian that not only was also approved by Ginnie Mae to participate, but one that also possessed a keen understanding of the nuances of storing eNotes. That is exactly what we've found with Wilmington Trust, and we look forward to partnering with them to expand Mid America's digital mortgage push."

Wilmington Trust, a leader in corporate and institutional services. was among the first document custodians approved by Ginnie Mae to store eNotes for Ginnie Mae-approved eIssuers and is currently working to become approved by Freddie Mac. The firm provides full service eNote custodial services, which includes taking in eNotes via the MERS eRegistry, as well as performing a review and certification to the agencies or warehouse lenders, while safekeeping the eNotes on their behalf. In addition, Wilmington Trust provides full-service custodian services for non-agency and non-Qualified Mortgage eNotes.

"We are proud to support such a great partner like Mid America Mortgage as one of the first lenders accepted into the Ginnie Mae Digital Collateral Initiative," said Joseph Deller, Product Development Manager, Wilmington Trust. "This is a critical step in the ongoing digital transformation in the mortgage industry, and Wilmington Trust is excited to be part of this historic program launch."

First announced in July 2020, the Digital Collateral Initiative enables Ginnie Mae to accept eNotes and other digitized loan files as collateral for its securities. Once approved for participation in the program, all eIssuers and their associated eCustodian must successfully complete a series of test transactions before receiving written eMortgage Issuance Authority from Ginnie Mae. During the initial phase of the Digital Collateral Program, eIssuers are limited by Ginnie Mae in the total number of eMortgages that may be securitized, regardless of loan size.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

ABOUT WILMINGTON TRUST

Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, and Wilmington Trust, N.A. (WTNA).

Wilmington Trust, N.A. provides Corporate and Institutional Services including institutional trust, agency, asset management, retirement plan, agency, asset management, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides direct trust, custody, and fiduciary services for retirement plans, companies, foundations, organizations and financial institutions.

Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.

Wilmington Trust maintains offices throughout the United States and internationally in London, Paris, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com.

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

Mid America Mortgage CFO Michael Kennemer Receives HousingWire’s Inaugural 2021 Finance Leaders Award

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that its Chief Financial Officer (CFO) Michael Kennemer has been named to HousingWire's inaugural 2021 Finance Leaders awards, recognizing the top finance executives driving financial performance, expanding margins, improving liquidity and helping their businesses access capital markets.

"The last twelve months have been one of the most tumultuous and action-packed periods in the history of housing finance. It's incredibly notable that the organizations that had their financial strategy in order prevailed and were able to benefit from housing and capital marketing dynamics in a big way," said Clayton Collins, CEO of HW Media. "We launched the HousingWire Finance Leaders award to recognize the CFOs and senior finance executives who enabled growth, led IPOs and fundraising initiatives and helped their companies capture market share."

Kennemer's efforts over the last 12 years have enabled Mid America to further its eMortgage capabilities, expand warehouse lending operations and optimize capital markets execution to assist in divisional and overall profitability. He has earned an internal reputation for working closely with all branches and divisions to maximize profits and reduce expenses, resulting in a 1,757% year-over-year increase in Mid America's profits in 2020. As CFO, Kennemer has also yielded a 33x increase in the company's net worth in less than 10 years.

"Michael Kennemer's adept financial stewardship over the past decade-plus has enabled Mid America's expand and modernize its operations so that we can provide borrowers the best digital mortgage experience possible," said Mid America Owner and Chief Executive Officer Jeff Bode. "We are extremely proud to have him as our CFO and offer our sincerest congratulations for this well-deserved recognition."

Finance Leaders are selected by HousingWire's Selection Committee based on their professional achievements within their organizations, contributions to the overall housing economy, client impact and personal success. These outstanding professionals are made up of strategic leaders who are paving the way for the future of housing finance. The full list of "2021 Finance Leaders" can be viewed here https://www.housingwire.com/articles/here-are-the-2021-hw-finance-leaders/.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Arizent/National Mortgage News, Mortgage Professional America, MReport and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com/ or https://www.solutions.housingwire.com to learn more.

Twitter: @midamericamtge @HousingWire #HWfinanceleaders

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

Mid America Mortgage Loan Officers Named Top Producers and Originators

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that four loan officers garnered spots on National Mortgage News' Top Producers of 2021 list and nine loan officers were named a Top Originator by Scotsman Guide.

Ryan Grubbs, Matt Schwartz, Tony Ferrari and Michael Bogar were included in National Mortgage News' list of top 400 producers nationwide based on volume in 2020. The rankings were open to mortgage loan officers and mortgage brokers who work at depository, nonbank and mortgage brokerage firms in the United States.

"Just as we enjoy celebrating company achievements, Mid America is proud to have our loan officers recognized by national publications for their efforts in 2020," said Mid America Owner and Chief Executive Officer Jeff Bode. "By focusing on providing a quality customer experience and offering digital solutions during the pandemic, Mid America's loan officers were able to capitalize on opportunities while keeping the borrower first."

Grubbs, Schwartz and Ferrari were also included on Scotsman Guide's lists of Top Originators 2021 segmented by both Top Dollar Volume and Most Loans Closed. The trio was joined on the Top Dollar Volume list by Charles Norsch, DeAnna Morgan, Chris Pedison and Matthew McDaniel.

Mid America's representation on the Most Loans Closed list was rounded out by McDaniel, Christine Pervan, Morgan, Pedison, Norsch, Blain Holt and Chris Jones. Scotsman Guide's rankings are verified by an originator's annual production reports. Interestingly, in a year hallmarked with refinance volume, Ferrari was the only Mid America loan officer on a Scotsman Guide list that actually did more refinances than purchases in 2020.

The full list of National Mortgage News' Top Producers can be viewed at https://www.nationalmortgagenews.com/news/top-mortgage-producers-of-2021.

For the Scotsman Guide's Top Originator's list, visit https://www.scotsmanguide.com/browse/content/top-originators-2021.

For loan officers looking to join Mid America's award-winning team, visit https://www.midamericamortgage.com/careers/.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

Mid America Mortgage Receives ‘2021 Best Mortgage Companies to Work For’ Honors for Second Straight Year

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today it has been named one of the "2021 Best Mortgage Companies to Work For" for the second consecutive year by mortgage industry trade publication National Mortgage News. Mid America was one of 50 lenders recognized nationally. The firm was also included in the "Best Large Mortgage Companies to Work For" list, which includes mortgage firms with 500 or more employees.

This annual survey and awards program was designed to identify, recognize, and honor the best employers in the U.S. mortgage industry. National Mortgage News honored all the winners and revealed the final rankings in a special report published in March.

"We're honored to be included in this list for the second consecutive year," said Mid America Owner and Chief Executive Officer Jeff Bode. "This award is especially gratifying because it's based on the employee's perspective. We've strategically built an organization of highly talented people, we're proud to have built an environment they all enjoy."

Companies from across the United States entered a two-part survey process to determine this year's "Best Mortgage Companies to Work For." The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems, and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process, analyzed the data, and determined the final rankings.

The full list of "2021 Best Companies to Work For" can be viewed at https://www.nationalmortgagenews.com/list/2021-best-mortgage-companies-to-work-for.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Product Launches

Mid America Mortgage Launches Click n’ Close Title to Provide Digitally-Driven Real Estate Closing Services Powered by RON

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today it has launched Click n' Close Title, a digital-first residential title insurance company, to deliver more comprehensive digital mortgage closing services to the residential real estate market. Licensed in six states (Texas, Ohio, Tennessee, Indiana, Michigan and Virginia) with more on the way, Click n' Close Title utilizes a completely digital process to deliver a consistent, modernized mortgage closing ceremony for all parties involved.

"Having been a digital-first mortgage lending shop since 2016, we've observed first-hand the power of technology to transform the archaic, painful homebuying process into one with less friction and more emphasis on convenience for the consumer," said Mid America Owner and CEO Jeff Bode. "Title represents the final piece of this puzzle from the consumer experience perspective, and in in the interest of furthering our commitment to modernizing the mortgage process, we felt the time was right to extend our knowledge to the title side of the transaction with the launch of Click n' Close Title."

Powered by remote online notarization (RON) technology, Click n' Close delivers 100% paperless closings that improve efficiency and reduce delays in processing closing documents. Its RON process permits the borrower to schedule an online video conference with a notary, giving them ultimate control over where and when they sign their closing documents utilizing SSL encryption to ensure security. This also allows the borrower to review their closing documents before signing in most cases so that they can ask questions or consult with a trusted advisor prior to closing day. Once the documents are signed, funding occurs within 10 minutes rather than the traditional two hours after signing.

"Buying a home is one of the most nerve-wracking financial experiences a consumer will undertake, and with the advancements in technology available today, there is simply no reason to add to the stress of this important event by remaining committed to a paper-driven, in-person closing ceremony," said Nicki Compary, General Counsel and Director of Title Operations of Click n' Close Title. "With the completely digital process we've established at Click n' Close Title, borrowers real estate agents and mortgage lenders can all expect a smooth, hassle-free process that is designed to delight."

Click n' Close Title is available to do business with mortgage lenders and real estate agents in all states where it is currently licensed. For more information, visit https://www.clicknclosetitle.com.

About Click n' Close Title

Click n' Close Title is a residential title insurance company that specializes in remote notary and digital closings. At Click n' Close Title, we work closely with the real estate community to ensure that each real estate transaction is handled professionally and meets or exceeds expectations. We know that efficiency, precision, and communication are vital during the closing process. The Click n' Close Title team helps our clients in a wide variety of residential transactions such as refinancing, purchasing, sales, reverse mortgages, construction financing and closing whether you are buying, selling or refinancing a home. Learn more at https://www.clicknclosetitle.com/.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Mid America Mortgage Hires Katherine Carlsen as Underwriting Manager

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that mortgage industry veteran Katherine Carlsen has joined the company as underwriting manager. In her new role, Carlsen will utilize her more than 30 years of mortgage industry experience to lead underwriting for Mid America, enabling the company to sustain its track record of compliant loan origination while maintaining its industry-leading turn times.

"While the digital foundation we've established has certainly played a role in Mid America's ability to achieve turn time of one to two business days, the backbone of that technology is our team of highly experienced underwriters," said Mid America Owner and Chief Executive Officer Jeff Bode. "Katherine's impressive track record for quickly, accurately and securely closing loans not only helps us preserve that standard of service but also expands our capacity to handle even greater loan volumes. We are confident in Katherine's ability to amplify our underwriting efforts and proudly welcome her to the Mid America team."

Bringing more than 30 years of mortgage experience to her new role, Carlsen has ensured the success of her teams by leading dedicated training, coaching and development initiatives to enhance their skills. Her past employers include Wells Fargo and Salem Five Mortgage Company. Her professional achievements in previous roles include closing $100 million per month for six consecutive years, increasing closing volume by 100%, tripling submission volume and reducing turn time in underwriting from 10 days to only 24 hours.

"I've spent my career preparing underwriters for the unique challenges the mortgage market presents and maintaining a knowledgeable, service-oriented team means that employee engagement, hands-on training and coaching are essential for a lender's success," said Carlsen. "Mid America is a prime example of these principles in action. The team is full of mortgage professionals that are well-equipped and eager to meet the needs of an ever-changing industry, and I look forward to leading the underwriting division to even higher levels of efficiency and excellence."

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Mid America Mortgage Expands Access to Down Payment Assistance Program to Its Correspondent Partners

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced it has added down payment assistance (DPA) to the slate of mortgage products and services offered through its correspondent division. This is an expansion of the DPA program Mid America created for its retail channel in 2019 in partnership with the Rosebud Economic Development Corporation.

"DPA programs are a vital tool for expanding mortgage credit access to creditworthy, cash-poor homebuyers," said Mid America Owner and CEO Jeff Bode. "Given the success Mid America has experienced amongst its retail borrowers, we felt the time was right to expand this opportunity to our correspondent customers so that they, too, could help borrowers take advantage of the market's low interest rates and begin their homeownership journey."

The program combines an FHA-insured first mortgage with a five-year second lien up to 5% of the home's purchase price. Borrowers can use the second-lien funds for their down payment and/or to cover closing costs. Interest does not accrue on the second lien, and borrowers do not need to make monthly payments on the second lien. If the borrower remains in the home and stays current on their first mortgage, the second lien is fully forgiven after five years.

"Mid America began this partnership with Rosebud a year ago to offer its direct borrowers another option to realize their dreams of homeownership. Now, by expanding this down payment assistance program to our correspondent platform, Mid America can broaden homeownership opportunities through our correspondent clients to help even more families make this dream a reality," said Julas Hollie, National Sales Director of Mid America's correspondent division.

This product will complement Mid America's current focus on buying loans not eligible for purchase by traditional investors. Lenders interested in participating in this program should contact Hollie at julas.hollie@midamericamortgage.com.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles

Mid America Mortgage Promotes Jemma Pachiano to Chief Operating Officer

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today it has promoted former National Support and Training Director Jemma Pachiano to Chief Operating Officer (COO).

"Jemma Pachiano's vast experience in the mortgage industry and keen ability to tackle even the most complex challenges have made a measurable impact on Mid America since 2011, which makes her an excellent fit for this role," said Mid America Owner and CEO Jeff Bode. "As COO, Jemma's solutions-based approach and know-how in regards to implementing more efficient processes, products and systems will be instrumental in propelling Mid America's growth and success through 2021 and beyond."

Serving as a National Support and Training Director for nearly a decade, Pachiano helped Mid America Mortgage maintain a culture of consistent and open communication by liaising with its executive team, operations team and branches. In addition, she spearheaded systems training on new vendor products, LOS upgrades and company-wide initiatives related to process, policy and product changes. Pachiano has increased efficiencies at the branch level by mentoring teams to improve file quality while keeping branch managers updated on their progress, areas of opportunity and training.

Pachiano has actively served as a licensed LO for more than 18 years, with experience in both retail and wholesale positions across Maine, North Carolina and Texas. Prior to Mid America Mortgage, she was employed at Alliance Financial Resources as a senior loan originator and worked as a loan officer at Chase Bank. She also served as a senior loan officer at TowneBank.

"Having experienced Mid America's steady trajectory of growth for the last nine years, my new role as COO inspires me to lead the company in consistently delivering best-in-class products and an exceptional lending experience to our clients," said Pachiano. "My mantra for 2021 is to remain detail-oriented, intentional and to lead with kindness, especially as the industry continues to face on-going changes and uncertainty. I am honored to enter into this new role and my passion for the mortgage business fuels me to drive operational success at Mid America for years to come."

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.

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Mid America Mortgage Hires Julas Hollie as Correspondent Division Sales Director

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that Julas Hollie has joined the company as sales director for Mid America's Correspondent Lending division. In this role, Hollie is responsible for increasing loan acquisitions through strategic marketing and customer outreach.

"One of Mid America's goals for 2020 was to increase brand recognition and new business opportunities for our correspondent division. Julas Hollie immediately stood out as the person to lead that growth," said Mid America Owner and Chief Executive Officer Jeff Bode. "Julas is a well-respected industry veteran with a proven track record of success, and his expertise will certainly lend itself to expanding the footprint of Mid America's correspondent operations, enabling us to capitalize on future opportunities in this channel."

Hollie brings more than 20 years of mortgage industry experience in account management, risk management, sales and business development to his new role at Mid America. Previously, Hollie served as an account manager for business development at Essent Guaranty, where he doubled the number of active lenders and created $23 million in new business opportunities.

Hollie's previous employers also include First American Title and Fannie Mae, where he was a principal contributor to the $1 billion affordable lending alliance announced by Arvest Mortgage and Fannie Mae in 2004. Hollie has been a member of the Fort Worth Mortgage Bankers Association executive board for the past three years and served as the president in 2019-2020.

"At this point in my career, who I work with is as important as the job itself. Mid America's team of highly capable professionals works hard to serve its customers and add liquidity in the market to support homeownership. Couple this with a senior management team that had the vision to invest in the next evolution of home finance, as evidenced by its leadership in eNotes, my decision to join Mid America was an easy one," Hollie said. "Mid America has already put in the work and commitment to create a take-out option for hard-to-place loans, and my goal is to increase awareness of this key capability and demonstrate Mid America's ability to provide this liquidity alternative consistently and at a competitive price."

For more information, contact Hollie at (972) 998-0161 or julas.hollie@midamericamortgage.com.

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Related link: https://www.midamericamortgage.com/

This news story was published by the Neotrope® News Network - all rights reserved.