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Mid America Mortgage Executives to Speak at Upcoming MBA, ALTA Events

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced today that two of its executives will be sharing their expertise at upcoming events for the Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA), respectively.

On Wednesday, Dec. 4, Mid America's Managing Director of Whole Loan Trading Michael Lima will present alongside other industry experts on the topic of "Scratch and Dent - What's Trading?" from 2:30 to 3:30 p.m. MT at the MBA's Whole Loan Trading Workshop, held at the Hilton Phoenix Airport Hotel in Phoenix.

"The scratch and dent market remains an active and viable outlet for lenders to offload aging loans from their warehouse lines and reduce pressure on their warehouse capacity," said Lima. "Mid America has personally provided such an outlet for more than $1 billion in loans with minor compliance and/or performance issues and continues to aggressively engage in this market."

Next, Mid America Owner and Chief Executive Officer Jeff Bode will join several panelists for a discussion on the rising demand for eMortgages during the ALTA & MBA Digital Closing & eMortgage Boot Camp at the Hilton Scottsdale Resort & Villas in Scottsdale, Ariz., on Dec. 11-12. The session, "Why Digital?" will be held on Thursday, Dec. 12 from 8:30 to 9:45 a.m. MT.

"Mid America Mortgage is proud to be among the first lenders in the nation to embrace digital mortgages. Not only have we continue to reap the benefits of the digital process we created, but we've also seen first-hand how the this process improves the borrower experience from both an efficiency and cost-savings standpoint," Bode said. "With the tremendous strides being made at the state level regarding remote online notarization, demand and adoption of digital mortgages will only increase in the coming months."

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 and 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://clicknclose.com.

Named a 2018 "Top Mortgage Workplaces" winner by Mortgage Professional America, a 2018 "Top Mortgage Employer" by National Mortgage Professional and a 2019 "Top 25 Companies in Mortgage and Servicing" by MReport, 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/.

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Business, Free News Articles

Mid America Mortgage Assists Lenders, Borrowers Affected By Recent Disasters

ADDISON, Texas -- Mid America Mortgage, Inc. (Mid America) announced measures it has taken to provide assistance to both lenders and borrowers that were impacted by recent federally declared disasters. In addition to $20,000 in donations from employees and the corporation toward relief efforts, Mid America will also purchase loans on properties located in areas impacted by the recent storms or fires. This includes both government and conventional loans underwritten to agency guidelines.

For government loans, Mid America will purchase insured loans, as well as loans pending endorsement, for properties that have been damaged. In addition, the program allows for the sale of loans for properties without damage where the borrowers may have experienced a temporary hardship related to a disruption in income or unforeseen expenses. On conventional loans, Mid America will purchase loans with property damage if it does not impact the safety, soundness or structural integrity of the property. If there is extensive property damage, the program includes a repurchase line of credit to allow lenders time to manage the repair and re-inspection process.

"Mid America has established itself as a valued partner to mortgage originators by providing liquidity for loans that traditional investors may not be willing or able to purchase. This announcement complements our current program to purchase loans that may have missed other investors' overlays or have minor underwriting or compliance issues," said Michael Lima, managing director of whole loan trading for Mid America.

The company also announced that its retail origination and correspondent channels will be providing assistance through the Federal Housing Administration (FHA) 203(h) program, which provides borrowers with 100 percent financing to purchase a new residence or refinance an existing residence impacted by a disaster.

"Helping consumers and mortgage lenders recover from these unfortunate events should be the goal of every entity in the housing industry, and our announcement today is our step toward that objective," said Mid America Owner and CEO Jeff Bode. "Mid America is dedicated to helping victims through its charitable donations, the origination of loans under federal programs or by offering loss mitigation options to our current borrowers. We will also continue to work with our industry partners to provide an outlet for loans that traditional investors may not purchase."

For more information on the Correspondent Whole Loan Program, please contact Michael Lima at michael.lima@midamericamortgage.com or 214-261-3336. For all other inquiries, visit https://www.midamericamortgage.com/get-started/ or call 866-544-7013.


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. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes). 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.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its 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.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at https://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

*PHOTO for Media: Send2Press.com/300dpi/17-1019s2p-Jeff-Bode-300dpi.jpg
*Photo Caption: Mid America Owner and CEO Jeff Bode.

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