Kara Lamphere has returned to Mid America Mortgage to manage the company's correspondent lending operations and to oversee the firm's purchases of investor-rejected TILA-RESPA Integrated Disclosure (TRID) loans.
From July 2012 to July 2014, Lamphere served as the company's chief compliance officer. Since then, she was employed at CMG Financial, serving as senior vice president of compliance and later adding the role of managing correspondent lending operations.
In her new role with Mid America Mortgage, Lamphere will manage correspondent operations, rolling out the firm's e-note and e-closing process. She will also manage the operational portion of its government-insured scratch and dent business. Mid America looks to purchase loans with minor flaws in TRID compliance not accepted by many of the aggregators.
‘Kara's unique experience of compliance, managing correspondent lending and resourceful thinking will allow Mid America Mortgage to serve many lenders that have minor flaws due to the TRID process,’ says Jeff Bode, owner and CEO of Mid America Mortgage, in a release.