Financial Freedom closes record number of reverse mortgages

New Century buys Irwin Financial resourcesMortgagePress.comNew Century,Irwin Financial New Century Mortgage Corporation has completed the purchase of certain assets and assumption of certain lease obligations related to the mortgage servicing operations of Irwin Mortgage Corporation. "We are delighted that Carla Wise, with her substantial loan servicing experience, will be managing this operation," said Kevin M. Cloyd, executive vice president of New Century Financial Corporation, New Century Mortgage's parent company. "This acquisition will allow us to increase scalability, reduce servicing costs and improve time-zone management, while also expanding our expertise in servicing alt-A and prime mortgage loans." Irvine, Calif.-based New Century Mortgage Corporation is a specialty finance company that originates, purchases, sells and services mortgage loans. For more information, call (888) 623-5626 or visit www.newcentury.com. Fishers, Ind.-based Irwin Mortgage Corporation is a subsidiary of Columbus, Ind.-based bank holding company Irwin Financial Corporation. For more information, call (800) 284-4462 or visit www.irwinmortgage.com.