Author: Mid America Mortgage, Inc.

Mid America Mortgage to Offer Warehouse Lines of Credit on Seasoned and ‘Scratch and Dent’ Loans

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. (Mid America) Owner and Chief Executive Officer Jeff Bode today announced that the firm has expanded its relationship with Spectrum Mortgage Holdings, LLC (Spectrum) to offer warehouse lines of credit in conjunction with its Whole Loan Purchase program. This will provide sellers the flexibility to finance loans being sold to Mid America, including seasoned and “scratch and dent” loans.

The Cooksey Team’s Brandon Findley Cracks the Top 200 of Best Mortgage Lenders’ 2018 List of Top Texas Loan Officers

DALLAS, Texas /ScoopCloud/ — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today that Best Mortgage Lenders has ranked Cooksey Team loan officer (LO) Brandon Findley at No. 198 in Texas based on the total number of loans closed in 2017. Specializing in the Dallas market, Findley is also ranked No. 32 in Dallas, according to the list, which is published in conjunction with Ask a Lender and Scotsman Guide Media.

Darren Lovell of The Cooksey Team Ranks Third on Best Mortgage Lenders’ 2018 List of Top Loan Officers in Flower Mound, Texas

DALLAS, Texas /ScoopCloud/ — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today that Best Mortgage Lenders 2018 has ranked loan officer (LO) Darren Lovell at No. 3 in Flower Mound, Texas, based on the total number of loans closed in 2017. Lovell also placed at No. 226 statewide according to the rankings, which are published in conjunction with Ask a Lender and Scotsman Guide Media.

Best Mortgage Lenders 2018 Ranks Wesley Ryan Grubbs of The Cooksey Team as the No. 1 Loan Officer in Flower Mound, Texas

ADDISON, Texas /ScoopCloud/ — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today that its loan officer (LO) Wesley Ryan Grubbs has been ranked No. 1 in Flower Mound, Texas, based on total number of loans closed in 2017, according to Best Mortgage Lenders 2018. The rankings, which are published in conjunction with Ask a Lender and Scotsman Guide Media, also placed Grubbs at No. 157 statewide.

Mid America Mortgage CEO Jeff Bode Recognized by MPA in ‘2018 Hot 100’

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. today announced that owner and CEO Jeff Bode has been honored by Mortgage Professional America magazine in publication’s sixth annual 2018 Hot 100 list of mortgage industry professionals who have made a notable impact over the past year.

Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest’s operations into Mid America’s mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.

Mid America Mortgage Launches Digital Mortgage Platform, Partners with NASCAR, Richard Petty Motorsports

DAYTONA BEACH, Fla. /ScoopCloud/ — Click n’ Close, a division of Mid America Mortgage, Inc., has entered into official partnership agreements with the sanctioning body, NASCAR, and one of the most iconic race teams in the sport, Richard Petty Motorsports. The collaborations designate Click n’ Close as the “Official Mortgage Provider of NASCAR” in addition to becoming a partner of Richard Petty Motorsports.

Mid America Mortgage Assists Lenders, Borrowers Affected By Recent Disasters

ADDISON, Texas /ScoopCloud/ — 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.

Spectrum Mortgage Holdings Partners with Mid America Mortgage to Purchase eNotes

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. (Mid America) announced today that Spectrum Mortgage Holdings has signed on as an eWarehouse line provider for Mid America’s eCorrespondent division. Through this partnership, Spectrum will offer lower net worth requirements. on warehouse lines and purchase eNotes from qualified emerging mortgage bankers approved as Mid America eCorrespondent sellers.

Dallas Business Journal Names The Cooksey Team to ‘2017 Best Places to Work’

DALLAS, Texas /ScoopCloud/ — The Cooksey Team, a top producing retail branch of Mid America Mortgage, Inc., announced today it has been recognized by Dallas Business Journal as one of its “2017 Best Places to Work” in the Dallas-Fort Worth area. More than 500 companies submitted nominations, and only 100 companies were honored.

Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

ScoopCloud Newswire

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina’s first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

Mid America Mortgage Purchases $2.7 Billion in Mortgage Servicing Rights

ScoopCloud Newswire

ADDISON, Texas /ScoopCloud/ — Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. The sale was completed at the end of March, and LoanCare, Mid America’s sub-servicer, will take possession of the purchased MSRs on May 2.