Skip to main content

Lenders' litigation blues

National Mortgage Professional
Feb 07, 2005

First NLC starts correspondent lending divisionmortgagepress.comoperations center, expansion, non-prime, alt-A First NLC Financial Services LLC has opened its new, fully operational correspondent lending division, including an operations center to serve as the division's headquarters in Overland Park, Kan. Joining First NLC in Overland Park are Ed C. Waller as senior vice president/managing director, Kevin Dains as vice president/national operations manager, and Robert F. Miller as vice president/national sales manager. The correspondent division will buy non-prime and alt-A flow and bulk transactions up to $15 million in size. In addition to standard nonprime products, the channel will feature interest-only, stated income and alternative documentation options. The division will also offer high loan-to-value products for a range of credit scores and document type. An array of purchase-money options will also be available. Based in Deerfield Beach, Fla., First NLC Financial Services LLC is a nonprime mortgage originator. For more information, call (800) 950-3314 or visit www.firstnlc.com.
Published
Feb 07, 2005
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021