Comergence To Aid Sagamore Home Mortgage In Launching New Wholesale Channel

Posted by Patrick Barnard on December 07, 2016 No Comments
Categories : Residential Mortgage

Regional retail mortgage lender Sagamore Home Mortgage is using Comergence‘s risk management, due diligence and surveillance service to aid in its launch of a new wholesale channel.

Sagamore’s retail business currently services markets across the East, South and Midwest regions, but it has immediate plans to expand by adding a new wholesale channel.

Comergence will aid the lender in its broker recruitment by providing data intelligence, including accurate license data and loan production volumes, for mortgage brokers.

“With a strong retail presence already in play, we felt opening a wholesale division would support our expansion goals in existing markets,” says Mark Maloney, executive vice president of production for Sagamore, in a release. “Using the Comergence technology will enable a quick ramp up time as we seek to gain a strong broker partner base.”

“Given Sagamore’s acumen on the retail side of the business, adopting our system will help them achieve the same level of service when establishing their client base, with absolute assurance that their compliance expectations will be met,” says Greg Schroeder, president of Comergence.

Equally important to the Sagamore wholesale team is that Comergence already has 98% of third-party originators registered as system users, making the application process with Sagamore a familiar one.

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