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
"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.