Altavera Mortgage Services has announced its plans for expansion in 2017.
“Altavera experienced rapid growth throughout 2016 despite the challenges of a dynamic regulatory environment,” said Altavera Founder and President Brian Simons. “We responded to the increased business volume by augmenting our staff, including our leadership team, and adding new services to address the evolving needs of our clients. We will continue to expand our SAFE Act-compliant outsourced mortgage services in 2017 by obtaining licensing in even more states.”
The Denver-based company, which celebrated its fourth anniversary in October, expanded its staff by 70 percent in the last 12 months. The firm was acquired by Australian financial services company Computershare Limited in May.
“Our closed-loan file review service has remained in high demand since its launch in Q3 of 2016,” said Debora Aydelotte, Altavera’s chief operating officer. “Overall, we’ve seen a 142 percent increase in volume, so post-close due diligence will continue to be an area of focus for Altavera in 2017. We also expect lender interest in Altavera’s non-Qualified Mortgage fulfillment services will continue growing, fueled by the expected changes in the regulatory environment in 2017. Additionally, we anticipate that strong home values will keep HELOC originations on the forefront for Altavera and our lender clients.”
Altavera plans to expand licensing to several additional states in early 2017 to meet growing demand for private-label mortgage loan fulfillment solutions. Currently licensed in 34 states, Altavera is a fully SAFE Act-compliant loan fulfillment partner offering both comprehensive and component-based fulfillment solutions, including customized non-Qualified Mortgage services. Altavera service delivery is structured to meet each client’s specific needs for loan processing, underwriting, closing and funding.
