Skip to main content

Mid America Mortgage Purchases Assets From Two Lenders
Nov 16, 2017
Mid America Mortgage Inc. has announced that it has added John Bargas, Donnell Mitchell and Wendy Strawn to its Servicing Department, with Bargas leading the Department as executive managing director of servicing

Mid America Mortgage Inc. has announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corporation and an affiliated firm, American Southwest Mortgage Funding Corporation. As part of the agreement, Mid America will incorporate American Southwest’s operations into Mid America’s mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.
“Mid America’s commitment to delivering a faster, more efficient mortgage process via technology has put us in a unique position to partner with firms like American Southwest to revitalize and streamline their operations, which ultimately provides their customers with better service,” said Mid America Owner and Chief Executive Officer Jeff Bode. “As we make this transition, we do so with an eye toward minimizing disruption to American Southwest’s existing customers while also migrating its pipeline to our fully digitized origination and closing process.”
As part of the agreement, American Southwest will transition the pipelines of both entities to the Mortgage Machine platform, Mid America’s proprietary loan origination system (LOS), and begin executing eClosings and eNotes. Click n’ Close was recently announced as the Official Mortgage Provider of NASCAR.
“Joining forces with a progressive, highly reputable lender like Mid America presents a unique opportunity to unite two organizations with similar views on the need to combine superior customer service with user-friendly technology,” said Richard Carrington, President of American Southwest. “Furthermore, Mid America will able to leverage our footprint in markets not currently serviced by Mid America to expand its outreach to a new and diverse customer base that clearly compliments the launch of Click n’ Close.”

Nov 16, 2017
More from
Flagstar Bank's Christy Soukhamneut To Appear On The Mortgage Leadership Outlook

The next installment in the Mortgage Leadership Outlook's Tech Stack Heroes collaboration with BeSmartee is set to feature Christy Soukhamneut, chief of staff/director of mortgage strategic initiatives for Flagstar Bank.

Aug 02, 2021
First Tech Federal Credit Union Chooses ICE Mortgage Technology’s EPPS

First Tech Federal Credit Union has chosen ICE Mortgage Technology’s EPPS to improve automation, compliance, and scalability to meet the demands of over 720,000 members. 

Jul 29, 2021
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Jul 22, 2021
Rocket Expands Home Search Tool To All 50 States

Rocket Homes announced its growing home search tool now includes listings from all 50 states.

Jul 21, 2021
Better's One-Click Checkout Now Offers Title Insurance For Refi's

Better announced it has been licensed as a title insurance provider for refinance transactions through Better Settlement Services (BSS) in Virginia. 

Jul 20, 2021