American Home Mortgage Servicing acquires servicing rights for 185,000 loan from Citi Residential Lending

Mar 24, 2014

American Home Mortgage Servicing acquires servicing rights for 185,000 loan from Citi Residential LendingMortgagePress.comAmerican Home Mortgage Servicing, servicing rights, Citi Residential Lending, David Friedman

American Home Mortgage Servicing Inc. has signed an agreement with Citi Residential Lending to acquire a servicing rights portfolio on 185,000 loans. AHMSI will board the loans in early February. Customers were notified of the servicing change during the last week of January.

"With this acquisition, we have increased the number of loans we service to approximately 575,000, an increase of 45 percent," said David Friedman, chief executive officer. "The loans are a great fit with our existing portfolio, and we look forward to serving a new group of homeowners."

For more information, visit www.ahmsi3.com.

About the author

National Mortgage Professional

Link copied

Published

Mar 24, 2014

Analysis and Data

Home Sales Are Down, But Deals Are Up

Despite a nearly 12% year-over-year drop in sales, builders keep momentum with quick move-ins and buyer incentives

The U.S. new home market is showing signs of strain, but not surrender. According to Zonda’s latest New Home Market Update for February 2025, national sales are down nearly 12% year-over-year. Yet, the market is still holding the line at an “average” performance, buoyed by a...

People On The Move

Amy Slotnick Takes On Key National Role At Fairway

With over four decades of experience, Slotnick steps into a strategic leadership position aimed at streamlining sales operations across the company

Fairway Independent Mortgage Corporation has tapped one of its most seasoned leaders for a pivotal new role. Amy Slotnick, a 42-year mortgage industry veteran and longtime top performer at Fairway, has been promoted to President of National Branch Optimization – Sales, the c...