AmeriSave Mortgage Enters Correspondent Lending Space

Posted by Orb Staff on May 14, 2013 No Comments
Categories : Residential Mortgage

Atlanta-based AmeriSave Mortgage Corp. has launched a correspondent lending division to complement its existing third-party origination division, which facilitates originations with community banks, credit unions, mortgage brokers and mortgage bankers.

The new team will be led by national sales manager Craig Dodds, who has been in the mortgage business for over 25 years and has served in capacities such as national mortgage operations, sales management, secondary marketing and strategic planning.

‘Through the launch of a correspondent lending division, AmeriSave is filling the gap in investor availability for lenders who fall within the zone between the GSEs and the large bank-owned correspondent private investors,’ says Ed Abufaris, executive vice president of AmeriSave. ‘As a direct seller to the agencies, AmeriSave Correspondent Lending provides needed liquidity to the market.’

‘We are focused on providing our business partners with a new idea of what correspondent lending should be,’ Dodds adds. ‘AmeriSave has built a platform with proprietary technology that supports our clients with solutions that help smooth out the mortgage origination purchase process, improve efficiency and allows them to have a better customer service experience.’

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